Third Quarter RM..Still Recovering

The Reverse Merger Report this month brought more sobering news that the number of reverse mergers remained lower last quarter. There were 36 completed deals with an average value of $23 million, but that was skewed by one very large one. This is compared to 49 IPOs done in the third quarter globally (but only 16 in the US, so reverse mergers still dwarf US IPOs). Of the 36 reverse mergers, 11 included a contemporaneous financing averaging $1 million. The third quarter last year saw 23 APOs with $3.8 million being raised on average. So we’ve got some catching up to do people.

But there are deals going on for sure, and things are absolutely picking up. And to me, 36 deals is still pretty darn good. Hopefully by the time we all gather for the next RM conference in June we will have lots of big smiles on our faces!

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