Reverse Merger Transaction

Reverse Merger Transaction. A transaction in which the Company directly or indirectly (a) merges or consolidates with, or in one or a series of related transaction sells all or substantially all of its assets to an entity that is required, or whose parent is a corporation that is required, to file reports pursuant to Section 13 or 15(d) under the Exchange Act (a "Public Company") that is required to be accounted for by the Public Company as a "reverse acquisition" under GAAP; or (b) is sold by Parent or otherwise acquired... by a Public Company in a transaction or business combination other than a merger or consolidation; and (c) at or about the time of any such transaction described in clauses (a) or (b), the Company and/or such Public Company sells securities for at least $1 million gross cash proceeds in a capital raising transaction ("Reverse Merger Financing") View More

Reverse Merger Transaction. A privately held operating company, directly or indirectly (a) merges or consolidates with, or in one or a series of related transaction sells all or substantially all of its assets to the Company or a wholly owned subsidiary of the Company, that is required to be accounted for by the Company as a 'reverse acquisition' under GAAP; or (b) is sold or otherwise acquired by the Company in a transaction or business combination other than a merger or consolidation; and (c) at or about the time of any... such transaction described in clauses (a) or (b), the Company sells securities in a capital raising transaction through the sale of common stock, warrants or other securities of the Company (the 'Reverse Merger Financing') View More