Tempus Applied Solutions Holdings Inc fka TMPS

[lloydm]

Why is TMPS going to file (IPO) Form S-1 unless they plan to up-list to NASDAQ? They're already OTCQB certified, so once again why file an S-1? Minimum PPS on Nasdaq is $1.00 and it currently trading at $0.2..ish.

in connection with the EFA, we also entered into a registration rights agreement with the Investor dated October 6, 2017, whereby we agreed to file a Registration Statement on Form S-1 with the Securities and Exchange Commission within thirty (30) days of the date of the registration rights agreement and to have the Registration Statement declared effective by the Securities and Exchange Commission within ninety
(90) days after we have filing.

Form S-1 Defined

No private firm can roll out a stock offering or be listed on a national exchange without filing Form S-1 first. The completed document gives analysts for the U.S. Securities and Exchange Commission a picture of the firm’s plans to issue and use stock proceeds. It provides an in-depth look at the business model, inquires into competitors, and must include a prospectus. Required disclosure material covering dealings between directors, personnel and outside counsel is substantive, but provides transparency at the start of the IPO process.