Public Shell Company for Sale - OTC Markets Reporting Co. with SEC Issues
Financial Details
- Profit Metric:
- Not Applicable
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This listing presents a public shell company that previously operated as an SEC reporting entity and an OTC Markets QB-ranked issuer within the IT sector. The company had minimal assets and operations, and its primary objective was to find a merger candidate. A trading suspension was imposed by the SEC due to perceived manipulation by the former CEO, who attempted to maintain compliance with OTC listing requirements. Consequently, the company lost its market maker sponsorship and received a 'skull and bones' designation on its ticker symbol, now trading on the expert market. The SEC's requirements for reinstatement include the removal of the former CEO (which has been completed), an independent audit, and securing a viable merger with an operating business. The listing provides access to market makers willing to assist in restoring the company's market status. The buyer is expected to introduce a substantial operating company and bear the costs associated with the audit. The estimated timeline for resolving SEC issues and completing the audit is 4 to 6 months. The potential value of the shell is outlined: $100,000 in its current state, $250,000 after SEC issues are resolved, and $750,000 once restored to QB status. Equity terms are negotiable, and interested parties are encouraged to submit pitch decks or business plans.
Industry Information
- Industry Description:
- Online & Technology
- Classification:
- Online & Technology
Real Estate & Lease
- Status:
- Not_included
Listing Details
- Listing ID:
- be9cec5b-85f4-48bb-aba3-e68faaff7a7c
- Deal Status:
- For Sale
- Date Posted:
- July 18, 2023
- Last Updated:
- September 15, 2025
- Currency:
- USD