Reverse Mergers/Amalgamations

[Saishna]

How do you account for a reverse merger where the subsidiary takes over the parent

 

[Steve-LevelUp]

It depends is the short answer. What was the ownership structure, did the parent own 100% of the subsidiary, or was there a more detailed breakdown. If the parent owned 51% of the subsidiary, and then the subsidiary purchased up to 51% of the parent then the reporting gets very complicated.

 

[Saishna]

Parent owns 100% of the subsidiary