NEWS
Boon Files Form 10 with Securities and Exchange Commission Press Release | 08/29/2021
Submission Initiates Process to Become Fully Reporting with the SEC
SACRAMENTO, CA, Aug. 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Boon Industries, Inc. (OTC PINK: BNOW) (“Boon” or the “Company”), an innovative bioscience company delivering environmentally focused products to benefit people and the planet, is pleased to announce that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (“SEC”) to register its shares of common stock under Section 12(g) of the Securities Exchange Act of 1934 (the "Exchange Act").
Unless withdrawn, the Form 10 will become effective on October 11, 2021. Once effective, the Company will be required to file quarterly and annual reports as well as audited financial statements and 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act.
It is the Company’s expectation that after addressing any comments the SEC may have on its filing and the Form 10 becoming effective, it will submit an application to have trading of its shares of common stock quoted on the OTCQB tier of OTC Markets.
“It is tremendously gratifying to enter this phase in the evolution of Boon Industries,” stated Justin Gonzalez, CEO, Boon Industries. “We have done our level best to pursue our Form 10 filing with preparation and responsiveness to the Commission.
“By filing the Form 10, I firmly believe we are on the last leg of our journey which we expect will allow us to list on a more senior exchange and to provide the utmost transparency to our growing shareholder base,” added Gonzalez.
