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Bankrupt Shell

A public shell that has been created either through issuance of shares following a bankruptcy (these shares are publicly tradable under a provision of the Bankruptcy Code) or a public operating business that was sold or liquidated through a bankruptcy, leaving behind a public shell with virtually no liabilities.

Related Terms:

Backdoor Registration
A method by which a company's shares can become publicly tradable through a merger directly with ...

Clean Shell
A shell company which has no liabilities or other negative attributes as perceived by an operating ...

Alternative Public Offering
(APO) Somewhat misleading term used to refer to the variety of methods of going public other ...

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