Fannie Mae-No Politics (FNMA)

[GreenShoots]

To uplist from an over-the-counter (OTC) market to the New York Stock Exchange (NYSE), a company must file a registration statement with the Securities and Exchange Commission (SEC), typically a Form 10 or a Form 8-A, and also submit a formal listing application to the NYSE itself. The SEC registration requires extensive disclosures and audited financial statements, while the NYSE application includes corporate documents and specific forms detailing authorization to list.

SEC filings

Form 10: This is the most common registration statement for companies already public but not yet listed on a national exchange. Required information: Form 10 is very comprehensive, requiring disclosure on: Business operations, strategies, and risks. Detailed financial statements, including Management's Discussion and Analysis (MD&A). Corporate governance, executive compensation, and related-party transactions.
Descriptions of the securities to be registered.

Form 8-A: A shorter registration form available to companies that meet certain SEC reporting requirements or are concurrently filing a Securities Act registration statement (such as for an initial public offering or direct public offering). Required information: Form 8-A requires less disclosure than a Form 10 and does not require financial statements, as it typically incorporates this information by reference from another filing.

NYSE listing application:
In addition to registering with the SEC, the company must apply directly to the NYSE, submitting various corporate documents and certifications.

Corporate documents:
Certified copies of board resolutions and shareholder resolutions authorizing the NYSE listing.
Copy of the company's charter, bylaws, and all amendments.
Legal opinions, recent distribution schedules, and certificates of good standing.

Stock-related documents:
Letters from the transfer agent and registrar regarding the shares and stock certificates.

Agreements:
Signed listing agreement and listing fee agreement.
Financial and reporting documents
For SEC registration, the company must provide financial statements audited by a Public Company Accounting Oversight Board (PCAOB)-registered firm.

Periodic reports:
Once uplisted and the SEC registration becomes effective, the company must also file ongoing reports, such as annual reports (Form 10-K) and quarterly reports (Form 10-Q).