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rwa3848

02/04/24 7:48 PM

#50022 RE: rwa3848 #50021

A shelf registration under U.S. Securities and Exchange Commission (SEC) Rule 415 allows a company to register a security, but instead of selling it immediately, the company can offer its securities to the market over as much as three years. The company registers its securities under a core prospectus that applies for the duration of the shelf offering, and it provides prospectus supplements when it sells the securities to the market. A shelf offering allows a company to register its securities with the SEC but then delay putting them on the market for a period of up to three years. So the 10,000,000 share speculation has valid roots