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Noah Abelson Gertler

๐Ÿ‘ค Speaker
226 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

The Nasdaq or New York Stock Exchange out there.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So we did a raise initially and then we did an IPO raise, even though we did a reverse merger, which is a respect thing out there.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Whereas in the US, if you do a reverse merger, it's just garbage.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Yeah, so a reverse merger is there are companies that are public entities, also known as shells.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So this is a public company, a company that has gone public, that is not doing so well and has gotten to a position where it realizes, hey, our business just isn't going to work out.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So then they open up and they say, look,

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

there is value in just being a public entity.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So now let's look around in the world or in the market to figure out what promising company we can pull into our shell, into our public entity, and essentially help that company go public because we see that company as having a lot of potential.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

And who, which company was that?

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So yeah, so we merged into Drumroll,

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

a company called Monto Minerals, which is in the tin mining space.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So naturally, you go from tin mining to social media marketing.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

I mean, it's a direct fit.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So this mining company basically stopped all their operations, right?

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So once they

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

dug a few times in Australia, they realized, look, we're not going to be able to do the tin mining thing.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

So they look around, they say, okay, we've got this shell.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

It's worth about $1.5 million Australian, which is just the public entity.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

Let's find a company that can come in and take over the shell.

SaaS Interviews with CEOs, Startups, Founders
1341 Reverse merger on australia stock exhange

We'll change the name into what that company is going to be.