Spirits Time International is a blank check shell company with no operations, no revenue, and no employees. The company's sole activity is searching for a private business to acquire or merge with. Spirits Time has gone through two failed business pivots — originally incorporated in 2005 as an oil and gas company, then pivoting in 2018 to market tequila products under the Tequila Alebrijes brand, and most recently entering a merger agreement with BioSculpture Technology in 2023 that expired before closing. The company's only ongoing expense is $500 per month paid to its sole officer and director, Mark Scharmann, for use of his home as the company's office address. The intended path to value creation is to find a private company that wants to go public, then acquire it via a reverse merger — typically by issuing new Spirits Time shares to the target's owners, which significantly dilutes existing Spirits Time shareholders. The resulting company's business would be that of the acquired entity, not Spirits Time itself.