Chase Packaging is a shell company with no operations. The company previously manufactured specialty packaging products — woven paper mesh for industrial applications and polypropylene mesh fabric bags for agriculture — but sold those businesses in 1997 and has had no operating activity since. Since 1999, the board has been searching for a merger partner or acquisition target, with the goal of completing a reverse merger in which a private company uses the shell to become publicly traded without a traditional IPO. To date, no transaction has been completed. Chase Packaging generates no revenue; its only income is interest on cash holdings invested in U.S. Treasury money market funds. Operating expenses are minimal, covering audit fees, SEC filing costs, and a small CFO salary, resulting in a cash burn of roughly $75,000–$90,000 per year. The company had approximately $222,000 in cash remaining as of end of 2025. Chase Packaging's only potential value to shareholders lies in completing a merger or acquisition with an operating business.