Consonus agrees to reverse merger, plans $25M public stock offering
Data center services company Consonus Technologies of Cary is hoping that a different route to the public markets and Wall Street capital will do better than a failed IPO attempt in 2008. The company has reached a reverse merger deal with New York holding company Midas Medici that will open the companies to a public stock offering valued...
www.bizjournals.com, May 4, 2010
Reverse Mergers Shed Shady Image, Surge in U.S.
A wave of Chinese companies is washing up on U.S. stock exchanges, using transactions called reverse mergers in order to tap lucrative U.S. financing markets while bypassing normal procedures for initial public offerings.
Reuters, Thursday, April 15, 2010
Ad Systems Communications Goes Public
Ad Systems Communications Inc. has gone public through a reverse merger with NanoAsia Ltd. of China.
Portland Business Journal, Monday, April 12, 2010
Reverse Mergers Thrive in Recession
While the number of traditional Initial Public Offerings has slowed to a crawl, reverse mergers are continuing their ascent in popularity with 222 reverse merger deals in 2007 valued at $8.36 billion, a 14 percent increase over the previous year.
IndUS Business News, Thursday September 10, 2009
Reverse Mergers Thrive in Recessionary Climate
Are there opportunities for going public in the current recessionary climate? While the number of traditional IPO's have slowed to a crawl, reverse mergers are continuing their ascent in popularity.
Huffington Post, Friday July 17, 2009
Taking a Chance on a Reverse Merger
It is called a reverse merger. And for a failing public biotechnology company, it can represent one last roll of the dice. ... Reverse mergers can be used in other ways, as well. The deal that Merck and Schering-Plough announced Monday, is being done that way to let Schering sidestep a change-of-control clause in a separate drug partnership it has with Johnson ...
New York Times, March 9, 2009
Drug Investors Lose Patience
... two companies, VaxGen and NitroMed, have canceled planned reverse mergers because of shareholder opposition. In a reverse merger, a publicly traded company essentially cedes its cash and stock listing to a private company with presumably better prospects. ...
New York Times, March 9, 2009
Reverse Mergers Grow Among Clean-Tech Companies
Small, growth companies need capital and reverse mergers - merging with a shell that is traded on the Bulletin Board - are among the few options
available ...
Wall Street Journal, February 10, 2009
