Having secured its second round of financing with our assistance, this insurance company was positioned to move from the idea and prototype stage to full operation and revenue generation. The company planned to go public using a reverse merger facilitated by its venture capital partner, but had no seasoned financial personnel on board to provide sound advice to the CEO and Board on that or on the finances and accounting matters.

Mornington was called in to serve as acting/Interim Chief Financial Officer, advising the CEO and board as needed and working with the VC partner to support the reverse merger process. We provided the client with a highly experienced 20-year veteran of corporate finance whose executive leadership and visionary talents combine with his strong grasp of finance fundamentals and his strong analytical skills to help bring the client to its next level of corporate marketing. We approached the engagement as a time-delimited intervention, fully intending that the client be positioned to stand alone, with appropriate full time resources in place and with a solid financial foundation. Mornington also developed the necessary profile for an appropriate financial professional (Controller), and prepared to screen, interview and hire that position.

The controller - a seasoned financial professional - has been hired and is in the process of being integrated into the company with our assistance. The reverse merger is proceeding and we will continue to provide advisory services to the CEO and Board over the next 4 to 6 months.