Here's an exception to the SEC reporting requireme
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(Total Views: 748)
Posted On: 06/07/2018 7:03:37 PM
Here's an exception to the SEC reporting requirements for companies that are required to report to the SEC:
"A company becomes subject to the Reporting Requirements by filing an Exchange Act Section 12 registration statement on either Form 10 or Form 8-A. A Section 12 registration statement may be filed voluntarily or per statutory requirement if the issuer’s securities are held by either (i) 2,000 persons or (ii) 500 persons who are not accredited investors and where the issuer’s total assets exceed $10 million. In addition, companies that file a Form S-1 registration statement under the Securities Act of 1933, as amended (“Securities Act”) become subject to Reporting Requirement; however, such obligation becomes voluntary in any fiscal year at the beginning of which the company has fewer 300 shareholders."
http://www.legalandcompliance.com/securities-...companies/
According to OTC Markets, there are currently only 48 shareholders.
https://www.otcmarkets.com/stock/TPAC/security
"A company becomes subject to the Reporting Requirements by filing an Exchange Act Section 12 registration statement on either Form 10 or Form 8-A. A Section 12 registration statement may be filed voluntarily or per statutory requirement if the issuer’s securities are held by either (i) 2,000 persons or (ii) 500 persons who are not accredited investors and where the issuer’s total assets exceed $10 million. In addition, companies that file a Form S-1 registration statement under the Securities Act of 1933, as amended (“Securities Act”) become subject to Reporting Requirement; however, such obligation becomes voluntary in any fiscal year at the beginning of which the company has fewer 300 shareholders."
http://www.legalandcompliance.com/securities-...companies/
According to OTC Markets, there are currently only 48 shareholders.
https://www.otcmarkets.com/stock/TPAC/security
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