Since you're such a stickler for spelling and grammar, that would be "has run".
And they have indeed. There's really no way around or over that wall, unless the company chooses to try what I outlined. The case of Telynx, from 2006-2007, is an example. Telynx was a delinquent registrant. It was suspended in an action involving a number of other delinquent issuers, and administrative proceeding was initiated against each of them.
As it happened, the Telnyx shell had recently been sold to a new owner who apparently knew nothing of its exceedingly dodgy past or of its reporting requirements. He protested vociferously, asking why he should pay for the (many) sins of old management.
The SEC didn't care; it revoked registration anyway:
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