What does backdoor listing mean?

backdoor listing meaning in Law Dictionary

whenever an unlisted company merges with another on list is added to it. It is done once the company has didn't make the change number requirements.

backdoor listing meaning in Business Dictionary

The training of an unlisted company securing an exchange listing by merging with a business that's currently listed on the exchange. Organizations often seek a backdoor listing once they have attempted and neglected to fulfill exchange listing demands.