Replies to post #100873 on JB and ZJMY Holding Co (JBZY)

[Choi]

Technically speaking we might have been considered a DPO, but that would entail the company would've sold shares to the public, which I don't think has been the case. That has no bearing to help us to get to Nasdaq...

Yes, I think we will undergo an APO through a firm commitment underwritten/bought deal which naturally comes with the PIPE...

Under the rules, the reverse merger company generally would be exempt from these special requirements if it is listing in connection with a substantial firm commitment underwritten public offering, or the reverse merger occurred long ago so that at least four annual reports with audited financial information have been filed with the SEC.

Through the sec guidelines, the underwriting commitment would exempt us from the traditional seasoning period. As explained in the above quote, there are two options that are available and only one of which we qualify for, which is obviously great...

https://www.sec.gov/news/press/2011/2011-235.htm