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lazur

02/07/22 12:28 PM

#15512 RE: Future2016 #15511

An S-3 filing is utilized when a company wishes to raise capital, usually as a secondary offering after an initial public offering has already occurred. In order to utilize the simplified process, firms must first meet a certain set of eligibility criteria.

https://www.investopedia.com/terms/s/sec-form-s-3.asp

Drugdoctor

02/07/22 12:29 PM

#15513 RE: Future2016 #15511

Yes, just means the SEC Registration they have been filing for is effective now. Of course, there won't be any conversions and sales of shares, as they will need $2.24/share just to break even on the latest financing deal... No worries...