Replies to post #100738 on JB and ZJMY Holding Co (JBZY)

[Choi]

I just discovered if we go through the process of a firm commitment underwriting, which would obviously exempt us from the seasoning rules, the only option it appears we have to follow through with this is to receive a minimum investment of $40,000,000 from our underwriters/investment bankers...(Could be much more)

The new listing requirements would not apply to a reverse merger company’s listing application if (i) the listing is in connection with a firm commitment underwritten public offering providing gross proceeds to the company of at least $40 million or (ii) the reverse merger occurred five or more years before applying to list so that at least four annual reports on Form 10-K with audited historical financial information have been filed by the company with the SEC following the one-year trading period.

https://www.law360.com/articles/287212/reshaping-the-future-for-reverse-mergers

http://lawcast.com/lawcast/nasdaq-listing-requirements-and-the-seasoning-rule/


(Btw, JBZH maybe our OTC ticker and JBMY might be the reserved symbol for Nasdaq. Who knows, this just a guess on my part...)