Corporate transparency and fully reporting is the
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Posted On: 04/06/2018 12:01:24 AM
Corporate transparency and fully reporting is the reason why $CRSM would want to file a Form 10 with the SEC.
Companies that file a Form 10 seek to become "fully SEC reporting" in order to increase corporate transparency. With full transparency it opens the door to conventional financing vehicles as opposed to toxic financing. Other benefits include the possibility of uplisting to a higher exchange such as the NASDAQ. Full transparency can also open the door for potential quality "merger" candidates.
BREAKING DOWN 'SEC Form 10'
The filing of SEC Form 10 is a necessary but insufficient step to register securities for trading. Financial Industry Regulatory Authority (FINRA) must approve the trading of the securities.
When the registration statement takes effect, other reporting requirements are triggered. The issuer must file annual reports (10-K), quarterly reports (10-Q), current reports (8-K) and annual proxy statements. In addition, management and shareholders become subject to the beneficial ownership reporting requirements of Sections 13 and 16 of the Securities Exchange Act of 1934.
Learn more here: https://www.investopedia.com/terms/s/sec-form-10.asp
Companies that file a Form 10 seek to become "fully SEC reporting" in order to increase corporate transparency. With full transparency it opens the door to conventional financing vehicles as opposed to toxic financing. Other benefits include the possibility of uplisting to a higher exchange such as the NASDAQ. Full transparency can also open the door for potential quality "merger" candidates.
BREAKING DOWN 'SEC Form 10'
The filing of SEC Form 10 is a necessary but insufficient step to register securities for trading. Financial Industry Regulatory Authority (FINRA) must approve the trading of the securities.
When the registration statement takes effect, other reporting requirements are triggered. The issuer must file annual reports (10-K), quarterly reports (10-Q), current reports (8-K) and annual proxy statements. In addition, management and shareholders become subject to the beneficial ownership reporting requirements of Sections 13 and 16 of the Securities Exchange Act of 1934.
Learn more here: https://www.investopedia.com/terms/s/sec-form-10.asp
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