If conventional sources of funding, like angel investors (should be well tapped-out by now), VCs, private placements, etc. don’t raise more money for them, and they’re unable to interest big pharmaceutical or biotech firms in buying them, I predict they may try a “reverse merger” too, like Histogen (soon to be Restorgenex) did.
And reverse merge with whom?
Do you know what a reverse merger is?
Aran, I can’t believe your questions there.
I didn’t say I knew who they might do this with, I was just predicting it’s a measure they might resort to, to try to raise money and go public while avoiding an IPO.
If you haven’t seen it already, Histogen has just signed a letter of intent to do this. Their new name will be Restorgenex.
del
sigh.
Aderans might as well
Roger this method could be fine to “transform” a non-listed company into a listed company. However if the listed vehicle has not fresh money the new company should issue new shares to be sold to the public in order to get money. However I agree with you that this method could work and other histogen competitors could follow it.