YTFD
Industry:
Capital Markets

DESCRIPTION

Yale Transaction Finders is a blank check shell company with no operations, revenue, or employees. Its sole purpose is to identify and acquire a private company seeking a public listing — a process commonly known as a reverse merger. Rather than pursuing a traditional IPO, a target company would merge into Yale Transaction Finders' existing public shell structure, effectively gaining a public listing without going through the standard IPO process. The company's principal shareholders, who acquired roughly 98.5% of the stock in March 2022, are responsible for sourcing acquisition targets through networks of broker-dealers, attorneys, accountants, and other financial intermediaries. Yale Transaction Finders expects to pursue only one acquisition opportunity given its limited capital. Upon completing a transaction, existing shareholders would likely be heavily diluted, as a typical tax-free reorganization would require issuing 80% or more of the combined company's shares to the target's shareholders.

Read full business overview →