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Posted On: 11/20/2020 10:55:00 AM
Post# of 721
What does the filing of an S1 Form mean : Registration statement filed under Securities Act of 1933 - Form S-1 filed today at 3:00 am.
"An uplisting is often accompanied by some form of capital raise and the associated filing of a Form S-1 to reserve and register new shares to be issued. The S-1 filing must be reviewed and approved by the SEC before the shares can be issued and listed. The S-1 is widely seen as the kickoff filing event for a company’s new listing. It serves simultaneously as the notification of newly registered shares, a signal that a capital raise is imminent, and a chance to strengthen its business plan and growth strategy."
https://vocal.media/trader/a-microcap-s-guide-to-uplisting
An estimated 9.2 million dollars will be raised in accordance with this filing if the SEC approves it.
"An uplisting is often accompanied by some form of capital raise and the associated filing of a Form S-1 to reserve and register new shares to be issued. The S-1 filing must be reviewed and approved by the SEC before the shares can be issued and listed. The S-1 is widely seen as the kickoff filing event for a company’s new listing. It serves simultaneously as the notification of newly registered shares, a signal that a capital raise is imminent, and a chance to strengthen its business plan and growth strategy."
https://vocal.media/trader/a-microcap-s-guide-to-uplisting
An estimated 9.2 million dollars will be raised in accordance with this filing if the SEC approves it.
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