THE REVERSE MERGER WIRE
Posted March 11, 2010 3:00PM PST

Image Metrics Ltd., a Santa Monica, Calif.-based animation company, merged into the Bulletin Board-listed shell company International Cellular Accessories and raised $8 million in a private placement.

Broadband Capital Management and Joseph Gunnar & Co. were the placement agents on the offering. Full Story
Filing: 8-K

Posted March 11, 2010 1:59PM PST

Australian Consolidated Insurance is planning to list on the New Zealand Stock Exchange through a reverse merger into failed financial services company Lombard Insurance Group.

Source: Press Release

Posted March 11, 2010 1:37PM PST

GT Canada Capital Corp. said it received approval from the Toronto Stock Exchange for its plan to acquire a medical office building in Hamilton, Ontario.

Source: Press Release

Posted March 11, 2010 1:34PM PST

Pernix Therapeutics, a Gonzales, La.-based pharmaceutical company, reverse merged into NYSE Amex-listed Golf Trust of America Inc., a failed real estate investment trust that invested in golf courses. Full Story
Source: Press Release

Posted March 10, 2010 1:22PM PST

Thwapr Inc., a mobile video and photo service provider, is planning to raise up to $5 million as part of its reverse merger into the shell company SeaOspa Inc.  Full Story
Filings: 8-K, SC14F1

Posted March 10, 2010 1:22PM PST

Gene Maher, the former founder of Nite Capital, and its former managing partner John Prinz, are heading up a new Form 10 shell company, Northeast Island Corp. Full Story
Filing: 10-12G

Posted March 10, 2010 1:22PM PST

West Fourth Capital said yesterday that it has an option agreement to buy a mineral property in British Columbia. Full Story
Source: Press Release

Posted March 10, 2010 1:22PM PST

GTA CorpFin Capital said that it signed a letter of intent with 1518164 Ontario Inc. to acquire mining properties in northern Ontario.  Full Story
Source: Press Release

Posted March 10, 2010 1:22PM PST

Saccharum Energy Corp. said yesterday that it is acquiring oil and gas assets that are controlled primarily by its officers and directors for about C$1.14 million ($1.1 million) in stock.  Full Story
Source: Press Release

Posted March 09, 2010 5:13PM PST

Capital pool company L1 Capital Corp. said yesterday that it is merging with the CPC Breaking Point Developments in order to provide sufficient capital for Breaking Point's acquisition of oil and gas properties.  Full Story
Source: Press Release

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March 2010

Sex Toy Company Still Facing Problems

The ongoing saga of sex toy maker Liberator Inc. has revealed the overwhelming importance of due diligence, as well as the limitations of any vetting process.

In February, Liberator said that it had actually not closed a reverse merger that it previously said it completed in October. The delay may be related to attorney Stephen Czarnik, who was implicated in a $20 million pump-and-dump scheme last month. Full Story


The Internet is rife with anonymous analysis on Chinese companies trading in the U.S. Most of the analysis is useless, ranging from creative speculation to illegal manipulation. However, the rants of one particular website that surfaced last month haven't been so easily dismissed. Full Story


Deal activity climbed to a record total of 31 reverse mergers in February, the most since PrivateRaise, DealFlow Media's data service, began tracking such figures in 2004. Full Story


  • LianDi PIPE Structure Could Aid Senior Listing
  • Drug Maker Succeeds in Third Merger Attempt
  • Aegean Earth Acquires Greek Operations, Raises $2.5M
  • Chinese Mobile Payment Company Raises $22.5M in Reverse Merger
  • Toronto Broker Could Get 165 Years for Securities Fraud
  • Anslow & Jaclin File New Form 10 Series
  • Hirings & Firings

At least 14 capital pool companies have reached agreements for acquisitions since Feb. 10, according to data collected by The Reverse Merger Report. Full Story


Guest Commentarty by Robert L. Zeglarski, Sanders Ortoli Vaughn-Flam Rosenstadt, and Mark W. Flippen, Wells Fargo Insurance Services

Litigation in connection with a reverse merger or alternative public offering (APO) poses obvious risks to an officer or director whose corporation does not have a comprehensive plan to protect their personal assets. To significantly limit personal exposure, officers and directors contemplating such transactions are advised to adopt certain corporate charter and by-law provisions that mandate indemnification; enter into a separate indemnification agreement with the corporation; require that the corporation maintain general director's and officer's liability insurance (D&O); and demand transaction-specific D&O coverage as related to the particular reverse merger or APO. Full Story


  • Accredited Members Holding Corp.
  • Ad Systems Communications
  • ArtVentive Medical Group Inc.
  • Ceelox Inc.
  • China Executive Education Corp.
  • China Environmental Protection Inc.
  • China LianDi Clean Technology Engineering Ltd.
  • China Pharmaceuticals Inc.
  • China Redstone Group
  • Chinese Special Materials Co.
  • China TMK Battery Systems Inc.
  • Compania Minera Cerros Del Sur
  • Connected Media Technologies Inc.
  • Envision Solar International Inc.
  • Game Trading Technologies Inc.
  • Go Solar USA Inc.
  • Hellenic Solutions
  • HQ Global Education
  • Kobe Sport (International) Company Ltd.
  • Lightyear Network Solutions Inc.
  • MusclePharm Corp.
  • Qingdao Hongguan Shoes Co.
  • Reach Messaging Holdings Inc.
  • Resource Exchange of America Corp.
  • Sajan Inc.
  • Secure Path Technology LLC
  • SinoCoking Coal & Coke Chemical Industries
  • Speedpal Broadband Inc.
  • STW Global Inc.

  • Shell Merger Tracker
  • Declared Shell Companies
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