Reverse takeover

{
  "id": "MLC-T-INS-002951",
  "term": "Reverse takeover",
  "field": "Insurance and risk management",
  "definition": "A transaction in which a private company acquires a controlling interest in a publicly listed shell company, thereby becoming a public entity itself without undergoing a conventional initial public offering (IPO). The private company's shareholders exchange their shares for a majority of the public company's stock. This method provides a faster and less expensive route to public markets but can carry risks related to the shell company's history and liabilities.",
  "url": "https://mlchart.com/terminology/insurance/reverse-takeover/"
}