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surfkast

09/09/20 8:47 AM

#12629 RE: MichaelKane #12627

5. The company will remain subject to anti-fraud provisions of state and federal securities laws.

The reduced governance and oversight requirements can result in an increase in conflict transactions, and even breaches of the duty of loyalty and a decreased focus on stockholders as a constituency.

https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati__