Sunday, September 20, 2020 12:21:16 AM
In general, a private company can go public if:
? The private company has at least 25 non-affiliate shareholders who paid cash consideration for their shares at least 12 months prior to the Form 211 filing date;
? The private company must have at least 1 million shares outstanding, of which at least 250,000 are free trading shares;
? The private company must never have been a shell company; and
? The private company has current public information available.
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