Frequently Asked Questions

A Reverse Takeover is a transaction in which a private company becomes publicly traded by combining with an existing public company or listed shell. The private company's shareholders receive shares in the public entity and, after the transaction, hold the majority of it. The public entity survives as the legal vehicle; the private company's business becomes what that entity does.

The term "reverse" describes the direction of control. Legally the public company is the acquirer. Commercially, the private business has taken it over.

No. A company must meet corporate, financial, legal and investment requirements before a Reverse Takeover can realistically be considered. That includes audited financial reporting, a documented ownership structure, clean title to its assets and intellectual property, management capable of operating under public-company obligations, and capital to fund preparation.

Public status is also a permanent operating condition with continuing cost and disclosure obligations. For many good businesses, it is simply not the right structure.

No. FLOWCAP conducts selection, assessment and strategic preparation. We do not guarantee financing, securities issuance, regulatory approval, completion of a transaction or admission to trading.

Any outcome depends on the transaction structure, the participants involved, regulatory requirements and the results of due diligence — all of which sit with licensed legal, financial, audit and market professionals.

For a prepared company, listing in Canada through an RTO typically takes 4–6 months. A Canadian listing then allows near-immediate dual listing into the US (typically 4–6 weeks) and Frankfurt (typically 2–4 weeks). Other markets take longer: Nasdaq typically 6–8 months, ASX and London typically 6–10 months.

The main variable is preparation, not paperwork: the state of financial reporting and audit, the complexity of the ownership structure, and whether sector-specific technical reporting is required. These figures are typical ranges, not commitments — timing depends on readiness, regulatory review and exchange requirements.

Cost is determined individually and depends on jurisdiction, sector, the state of the company's records, the listing venue and whether a concurrent financing is involved. Categories typically include legal, audit, technical reporting, exchange and regulatory fees, advisory work and transaction-related expenses, followed by ongoing costs once a company is public.

We do not publish a headline figure, because a number quoted without those inputs would be misleading. We do set out the cost categories and their sequence in our article on RTO costs and preparation stages.

Yes. We review companies from a range of jurisdictions, provided the ownership structure is transparent and it is possible to establish a suitable corporate architecture.

Companies incorporated outside Canada should expect additional structural, tax and reporting work, and should plan for a longer preparation period. Sanctions exposure in any part of the ownership chain ordinarily ends a review.

Selected companies may be offered an individual preparation strategy, advisory support through that preparation, and introductions to relevant professional market participants — legal counsel, auditors, dealers and investment firms.

Companies that are not selected receive a clear explanation of why, and where possible an indication of what would need to change. We would rather give a direct answer early than allow a company to spend eighteen months on a process that was never going to complete.

No. FLOWCAP is not a fund and does not guarantee direct investment or capital raising. We do not provide financing, and we are not a broker-dealer, investment bank or securities adviser.

Where a company requires capital, that is arranged through appropriately licensed participants, on their terms, and subject to their own assessment.

All materials submitted and all discussions are treated as confidential business information. Application materials are used solely to assess the company, are accessible only to the team members conducting that assessment, and are not shared with third parties without the company's specific consent.

Where an assessment progresses to introductions, nothing is disclosed to a third party until the company has agreed to that specific disclosure.

We focus on technology, DeepTech, financial infrastructure, cybersecurity, data infrastructure and resource-sector companies with real products, intellectual property or strategic assets. Our industries pages set out what we examine in each sector.

We do not review single-idea projects, companies without a product, technology, licence or asset, speculative token ventures, sanctioned parties, defence and military projects, or companies unwilling to disclose their ownership structure.

It is a short self-assessment covering the areas we examine at the preliminary screening stage. It returns one of three indicative results: Early Stage, Preparation Required, or Potential Candidate.

The score is informational only. It is not an approval, an offer, financial advice or any indication that a transaction is available. A formal review requires a full confidential application and supporting documentation.

No. Submitting an application places you under no obligation, and it does not oblige FLOWCAP to proceed. Submission does not guarantee selection, financing, a transaction or a public listing.

If we conclude that a company falls outside our current mandate, we say so directly.