Three Sheep Shell Manhattan? Attorney Says It’s Not ‘Going Public’, It’s ‘Going Abroad’

The recent move of Three Sheep to shell the U.S. stock market is under scrutiny by legal experts, being compared to strategies of “going abroad” rather than a straightforward ‘going public.’ Three Sheep’s collaboration with global sensation Khaby Lame through the acquisition of Step Distinctive by Rich Sparkle Holdings has sparked market buzz. The company aims to leverage this partnership to ‘go abroad’ by tapping into the Nasdaq platform of Rich Sparkle, shaping a facade of “going global,” challenging the conventional “going public” motive. With the sharp stock price fluctuations post-acquisition, questions arise regarding the locked-up shares of key stakeholders,…