Hometown Deli, Paulsboro, N.J.
Mike Calia | CNBC
E-Waste, a shell company linked to a nearly $100 million company that owns just one New Jersey deli, announced Tuesday it will enter into a reverse merger with a privately held electric vehicle corporation called EZRAider Global Inc.
E-Waste, which itself has a sky-high market capitalization of $110 million despite having no business operations, had been marketed along with deli company Hometown International for such a reverse merger or similar transaction.
“This demonstrates that there is a credible process in place for [E-Waste] to complete a merger with an appropriate private company,” said a person with knowledge of the situation who…