Hey everyone, according to my understanding, you
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Posted On: 12/11/2019 2:13:00 PM
Hey everyone,
according to my understanding, you seem to interpret the purpose of the S1 filing all wrong.
According to what Joe has explained a while back (#9257) and the link that I will add to the end of this post, the S1 filing is a necessary item on the checklist for every company wanting to uplist to Nasdaq. With this S1 filing the SEC confirms the legitimaty of the company. The S1 approved by the SEC needs to be handed out to the Nasdaq officials.
In addition to this most important purpose, Joe can use this s1 filing as well to request additional capital with conditions at least much better than he would be as an OTC company without this filing. I assume that it would even be very close to the conditions he would have available after the approved Nasdaq uplisting.
https://www.investopedia.com/terms/s/sec-form-s-1.asp
according to my understanding, you seem to interpret the purpose of the S1 filing all wrong.
According to what Joe has explained a while back (#9257) and the link that I will add to the end of this post, the S1 filing is a necessary item on the checklist for every company wanting to uplist to Nasdaq. With this S1 filing the SEC confirms the legitimaty of the company. The S1 approved by the SEC needs to be handed out to the Nasdaq officials.
In addition to this most important purpose, Joe can use this s1 filing as well to request additional capital with conditions at least much better than he would be as an OTC company without this filing. I assume that it would even be very close to the conditions he would have available after the approved Nasdaq uplisting.
https://www.investopedia.com/terms/s/sec-form-s-1.asp
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