Reverse Takeover (RTO) is an alternative route to going public, distinct from the traditional Initial Public Offering (IPO). In an RTO, a private company merges with a publicly listed shell company, allowing the private entity to become public without undergoing the typical IPO process. This method offers cost and time savings compared to an IPO, providing quick access to public capital markets and fostering opportunities for future business growth.

During an RTO, the private company merges with a shell company, usually gaining a majority interest and the ability to rebrand the public entity. This new public company can list on exchanges like the NASDAQ Capital Market or OTC Market, with the potential to move to higher-tier markets as it progresses. The RTO process can be completed in a matter of weeks to months, involving information exchange, merger negotiations, and share exchange agreements.

PBM specializes in guiding companies through the RTO process, offering support from seasoned securities attorneys, market makers, accountants, and transfer agents. Their expertise helps structure companies before the RTO, aiming to minimize dilution and optimize financing opportunities for a successful transition to a publicly traded entity.