A reverse merger is the combination of a private company with an already publicly listed “shell” company.
In this process, the private company — whether a startup, SME, or expansion project — acquires the majority of shares in the listed entity and thereby assumes its stock market listing.

As a result, the private company effectively becomes a public company, with its shares tradable on the stock exchange.

A reverse merger is thus a fast and often cost-efficient path to a public listing, enabling companies to raise non-repayable, interest-free capital through the stock market.