They actually may have to file a 10K to get this name change, reverse merger, symbol change by Finra. If this is considered a reverse merger deal, which I think it is, they actually do have to file a 10K even though they are a alternating reporting company. Its for the reverse merger that is the reason. Now to just get current on OTC, they only need to file a end of year alternate reporting, non audited, but then they need to also get out first quarter in less then a month, or they go to limited.
A 10K would satisfy oTC market same as a alternating reporting end of year