RE: Kelso - a shell co. to buy Nutrition?1 Feb 2023 11:11
The Company’s strategy is to raise funds and make an acquisition, most likely by a reverse takeover, or to acquire minority equity interests in a target company, business or assets. The Company may issue a substantial number of shares to
complete an Acquisition or Minority Acquisition.
There may be instances where Kelso itself could be used as a vehicle by an undervalued company to spin off a subsidiary into its own listing. Such a transaction would undoubtedly constitute a reverse takeover for Kelso.