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Chase Packaging Corp
Chase Packaging Corp is a publicly traded shell company seeking a merger or acquisition candidate after exiting its packaging business decades ago.
Chase Packaging Corp
Chase Packaging Corp traces its origins to a manufacturer of woven paper and textile packaging products but exited that business entirely in a series of asset sales concluded in the early 2000s. The company distributed the proceeds to shareholders and has since operated as a publicly traded shell with no active commercial operations. It is incorporated in Delaware and its common stock trades over the counter under the ticker CPKA, with periodic SEC filings maintaining its reporting status. The company does not currently deploy capital into investments, real assets, or operating businesses. Its stated strategy is to identify and effect a business combination with an operating company that can provide a viable commercial future for the entity. There are no known portfolio holdings, committed funds, or active investment vehicles. The company's financial statements routinely show negligible revenue, minimal cash, and ongoing administrative costs related to regulatory compliance and the search for a target. As of its most recent public filings, the company has no full-time employees and is governed by a small board of directors and officers. Ann Cowan has served as the company's secretary for over two decades, and the board consists of individuals associated with the shell's ongoing upkeep. There are no satellite offices, operating subsidiaries, or affiliated investment vehicles. The company maintains a registered address in Rumson, New Jersey. Chase Packaging Corp represents a rare structural archetype: a publicly traded, non-SPAC shell that has persisted for years without a liquidity event or dissolution. Unlike a special purpose acquisition company, it is not bound by a two-year clock to complete a deal, and unlike a conventional holding company, it holds no assets awaiting monetization. Its indefinite existence depends on the willingness of its directors and small shareholder base to continue funding administrative costs in exchange for the option value of a future acquisition.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
—
Frequently asked questions
What does Chase Packaging Corp actually do today?
It has no operating business. The company sold its packaging assets in the early 2000s, distributed the proceeds, and now functions as a public shell seeking a reverse merger or acquisition. Its periodic SEC filings confirm negligible revenue and no material operations.
Who runs the company?
The company is managed by a small board of directors. Ann Cowan has served as corporate secretary for over twenty years, making her one of the longest-tenured executives associated with the entity. There are no full-time employees, per its SEC filings.
Where does the underlying value in the stock come from?
The stock represents the optionality of a future business combination. There is no operating income or asset base generating intrinsic value. The market price reflects a speculative bet that the shell will find a merger target willing to transact at terms favorable to existing shareholders.
Is Chase Packaging Corp a SPAC?
No. It is a legacy shell rather than a special purpose acquisition company. It did not raise money in an IPO for the purpose of finding a target. It became a shell after selling its legacy business and has no contractual deadline to complete a deal.
How does the company fund its ongoing administrative costs?
The company uses its remaining cash reserves, which it reports in its quarterly and annual SEC filings. These reserves have been declining over time. There is no evidence of external fundraising or capital-raising activity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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