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TOPIC: Invivo Therapeutics looking to do a reverse merge

Invivo Therapeutics looking to do a reverse merge 9 years 9 months ago #1531

  • Lanbat
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[Invivo Therapeutics looking to do a reverse merge]
Article in Boston Globe. 9/26/10

Reynolds is hoping to take Cambridge-based InVivo Therapeutics Inc. public soon through a transaction called a reverse-merger, which involves assuming the stock market listing of a functionally defunct company. (Often, the company in question is listed on the lightly traded over-the-counter bulletin board, home of the penny stocks.) Reynolds hopes to raise about $5 million from the forthcoming offering, on top of about $5 million he has raised from individual investors, and a $500,000 loan from the publicly funded Massachusetts Life Sciences Center.

Does anyone know which shell has been selected?

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