Business combination related shell company.
Business combination related shell company. The term business combination related shell company means a shell company (as defined in 230.405) that is:
(1) Formed by an entity that is not a shell company solely for the purpose of changing the corporate domicile of that entity solely within the United States; or
(2) Formed by an entity that is not a shell company solely for the purpose of completing a business combination transaction (as defined in ยง 230.165(f)) among one or more entities other than the shell company, none of which is a shell company.