$XALL Xalles Holdings recently filed a Form 1-A-W
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Posted On: 12/11/2020 8:14:08 AM
$XALL Xalles Holdings recently filed a Form 1-A-W with the SEC to withdraw the company’s application for Tier I Reg A fundraising. This was done to support the new business roadmap. Xalles will first complete its PCAOB financial audits, including companies that were acquired within the last 2 years or are about to be acquired, which will change the company’s status to Fully SEC Reporting. This status will then allow the company to proceed with an OTC Markets uplist to the Quotation Board (OTCQB), while in parallel submit a new Form 1-A to the SEC to apply for a larger Tier II Reg A equity offering.
The logic behind these adjustments in the roadmap include wanting to perform the audits on the companies to set a new higher financial standard for near term and future acquisitions of operating companies, obtain the uplist to OTCQB as soon as possible, and proceed with the closing of acquisition deals that have been announced or in our pipeline without having to work around the Tier I Reg A processes.
The logic behind these adjustments in the roadmap include wanting to perform the audits on the companies to set a new higher financial standard for near term and future acquisitions of operating companies, obtain the uplist to OTCQB as soon as possible, and proceed with the closing of acquisition deals that have been announced or in our pipeline without having to work around the Tier I Reg A processes.
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