Novation Holdings Inc. (NOHO)

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The last thing we heard was filing SEC form 15.
BREAKING DOWN 'SEC Form 15'

Reporting requirements under the Securities Exchange Act of 1934 can be onerous for small publicly listed firms. This is particularly true for these relatively obscure entities that have very little trading of their stock on an exchange. Because of the limited benefits of being public and the significant costs in money, time and effort to prepare and file periodic reports with the SEC, many such firms decide to deregister their securities. They do so by voluntarily filing Form 15. The principal filings — annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K (in the case of foreign issuers, Form 20-F and Form 6-K) — are no longer required after the filing of Form 15 with immediate effect. However, certain reporting obligations such as proxy statements remain for 90 days following the filing.
Example of an SEC Form 15 Filing

On December 28, 2017, Talon International, Inc., a zipper and apparel fasteners manufacturer, filed a Form 15 "after a detailed analysis and thoughtful deliberation of the advantages and disadvantages of being an SEC reporting company." The company's board of directors considered the costs associated with the preparation and filing of reports, including the costs of outside legal and accounting resources, amount of management time spent on the documents, the amount of trading of the common stock, and the views of its largest shareholders. The resources, the company concluded, could be better spent on business operations.

Read more: SEC Form 15 https://www.investopedia.com/terms/s/sec-form-15.asp#ixzz5VzziCd46
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