SCA SHELL PROCESS
Our shells were formed to be a vehicle for merger
with a private company, and is free of operating history, assets
or liabilities, existing or contingent.
Our Evaluation Process:
Submit the questionnaire and our investment committee
will make a decision concerning your inquiry within 48 hours.
We prefer to make a public shell corporation available
to a going concern, profitable private company. However, we have
made shells available to start-ups when there is key management
in place, when a great idea or concept has been developed and substantial
funding or seed capital is available.
How Long Until Trading:
This process is demanding and time sensitive to
both the client company and the public shell company. Assuming the
co-operation of the client company in providing all necessary information,
obtaining action of its Board of Directors and providing audited
financial statements within the required time, you may expect to
be trading in 90 to 120 days after execution of the agreement.
One of our principals is an SEC attorney specializing
in these transactions and worked for the S.E.C. for over 20 years
in the enforcement division. Our attorney will provide all documents
and filings required to complete the transaction. Legal fees for
the completion of "the business combination" and all filings
to become a trading company are included. Unlike most shells for
sale, SCA provides a complete turn-key package.
The cost for the transaction is approximately $100,000
dollars, plus between 5-15% equity of the merged entity which includes
legal fees. These fees do not include the auditing costs nor do
they include S&P registration.
Progress payments are acceptable in three installments:
The first due when work is commenced, the second when the SEC filing
is made, and the final when the Form 211 is filed. If you cancel
the engagement after preparation of the SEC filing is commenced,
all of this fee will be retained.