E-Waste, a shell company linked to a nearly $100 million business that owns only one New Jersey deli, stated Tuesday that it will reverse merge with EZRAider Global Inc., a privately held electric vehicle manufacturer.
E-Waste had been marketed alongside deli company Hometown International, which has a market valuation of $110 million despite having no operational activity.
The mailing address for E-Waste is in a North Carolina office building, the same address as a company linked to Peter Coker Sr., whose son, Peter Coker Jr., is chairman and CEO of Hometown International.
Hometown International garnered international notice in mid-April when hedge fund manager David Einhorn stated in a client letter that the company recently had a market capitalization of more than $100 million while owning only a modest deli in Paulsboro, New Jersey.
John Rollo, E-previous Waste’s president, resigned from his position last month after a career that included earning Grammy Awards as a music sound engineer and working as a patient transporter in a New Jersey hospital.