For microcap investors
Listed shells scored as reverse-merger vehicles, with the insiders trading them.
Embarc scores listed companies on how closely they fit a reverse-merger shell, and adds their insider trades, Form 144 notices and 13D filers.
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From the filings
Where listed companies stand on the reverse-merger screen
- In play
- 134
- An 8-K Item 1.01 followed by a merger proxy (PREM14A, DEFM14A), an S-4 or a Rule 425 filing within six months; in play for 12 months after.
- Stirring
- 463
- A restructuring (8-K Item 2.05) or an outside Schedule 13D within 12 months.
- Candidate
- 1,453
- The default: a listed company with none of the signals below.
- Converted
- 149
- The merger completed: 8-K Items 2.01 and 5.01 in one filing, or a 2.01 followed by a name change within 30 days. The pre-merger company stays as a precedent.
What you can do
- Screen listed companies by reverse-merger score
- See insider trades and Form 144 notices together
- Follow 13D activists across their positions
Plan: All, $200/mo ($500 list). See pricing
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7-day all-access free trial. No card required.