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Monday, September 20, 2021 4:57:54 PM
SEC Form 10 is a filing with the Securities and Exchange Commission (SEC), also known as the General Form for Registration of Securities. It is used to register a class of securities for potential trading on U.S. exchanges. Any company with over $10 million in total assets and 750 or more shareholders is required to file a Form 10 with the SEC.
I think people will have to buy back at higher prices here in the USA when this reaches pink current. One form 10 will do the trick per Mark.
Any company under these thresholds may file a Form 10 voluntarily. The Form 10 registration statement automatically becomes effective sixty days post-filing.
KEY TAKEAWAYS
SEC Form 10, or the General Form for Registration of Securities, is a required regulatory filing for an entity that wishes to sell or issue securities.
The form is a necessary requirement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934, but is not sufficient on its own to register.
It is only required by companies with more than $10 million in assets and 750 shareholders or more, and voluntary if these thresholds are not met.
Understanding SEC Form 10
Continued with more contradictory evidence
https://www.investopedia.com/terms/s/sec-form-10.asp
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