One overlooked individual in the process of taking a company public through reverse merger is the market maker. The market marker is critical especially if the company is going to be listed on OTC Bulletin Board or the NQB. Pink sheets.
Once the private company has decided to go public and has engage a consultant to advise management on the best way to proceed. And a determination has been made to do a reverse merger.
The first step is to identify an available corporate shell to purchase and perform the due diligence on the shell. The company decides to purchase the shell and proceeds with the reverse merger. The required Securities and Exchange Commission filing must be done.
The Securities and Exchange Commission upon reviewing the document and finding the document to be in order will approve the companys filing.
Now the consultant will recommend a market maker to sponsor the company with NASDAQs Small Cap Market, OTC Bulletin Board or NQB Pink sheets. This is accomplished by filing form 15c211.
The broker dealer may not publish a quotation for any securities unless certain information concerning the issuer is available and the broker or...
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