What is a Notice of Effectiveness? The notice o
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Posted On: 05/12/2020 9:49:43 AM
What is a Notice of Effectiveness?
Just wanted to post that as it sounded like it had to deal with the drug itself but is really just about the SEC registration of shares.
Quote:
The notice of effectiveness is a public declaration by the Securities and Exchange Commission that a public company's registration statement has been accepted.
For shares in a public company to trade on the open market they must be registered by the company. These registration statements are reviewed by the Commission for a period of time before approval is given, and this notice marks the successful completion of this review process.
Just wanted to post that as it sounded like it had to deal with the drug itself but is really just about the SEC registration of shares.
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