This entry is part 1 of 8 in the series Shell Mergers for 2007Shell mergers increased by 5% in 2007 to 222 completed transactions. Collectively, reverse mergers for 2007 were valued at $8.36 billion, a 14% increase over the previous year. It is this writer’s opinion that once you have read my series on the [...]

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This entry is part 2 of 8 in the series Shell Mergers for 2007We expect 2008 to show greater increases with the approval of several new rules by the Securities and Exchange Commission (the “SEC”) that go into effect the beginning of this year. One of the revised rules will allow reverse merger companies [...]

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This entry is part 3 of 8 in the series Shell Mergers for 2007According to www.dealflowmedia.com no individual month witnessed less than double digit deals coming to market; a feat that has not occurred in almost 25 years (1993). The most interesting statistic is that the average reverse merger deal in 2007 was valued [...]

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This entry is part 4 of 8 in the series Shell Mergers for 2007In comparison to the statistics of the 2007 reverse mergers, www.ipohome.com states that the traditional IPO marketplace in 2007 produced 234 deals with an average deal size of $229MM with aggregate proceeds of $54 billion. This is an 18% increase in [...]

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This entry is part 5 of 8 in the series Shell Mergers for 2007The fourth quarter of 2007 was the busiest season for reverse mergers. There were 71 deals brought to market but the average market cap per deal dropped 16% from the previous quarter to $37.3 million. We have also seen greater participation of [...]

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This entry is part 6 of 8 in the series Shell Mergers for 2007Alternative Public Offerings (APO)
Of the 222 reverse mergers that were completed in 2007 almost 100 (45%) included a private placement in conjunction with the merger. The private placements averaged approximately $9 million per deal. As previously stated the average market cap per [...]

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This entry is part 7 of 8 in the series Shell Mergers for 2007PIPES in 2007
Rodman and Renshaw, LLC was ranked numero uno (#1) for the most active investment bank while Enable Capital Management ranked as the number one most active institutional investor in the PIPE market in 2007.
From Sagient Research comes the following information [...]

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This entry is part 8 of 8 in the series Shell Mergers for 2007CHINESE Reverse Mergers for 2007
China’s State Administration of Foreign Exchange issued a rule entitled Circular 106 which went into effect in the summer of 2007. The new rule required Chinese companies that set up offshore entities for domestic investment to receive approval [...]

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