In order to establish market values, improve the liquidity of their shares and gain access to major exchanges, issuers of unregistered securities under any of several exemptions often find it advisable to register an outstanding class of securities with the SEC through a Form 10 filing. Contact a knowledgeable securities lawyer at Gottbetter & Partners, LLP, in New York to learn more about Form 10 registration as an advanced stage of the process of going public.
Form 10 Registration Precedes Public Trading on National Exchanges
More formally known as the General Form for Registration of Securities, SEC Form 10 serves a purpose similar to the S-1 registration statement filed in support of a full-blown IPO. Form 10 meets the registration needs of companies that chose a more streamlined approach to going public, or that did so on a scale too modest to attract the attention of underwriters. After a period of limited or restricted trading of shares issued on an unregistered or exempt basis, the issuer can take a major step toward listing on major exchanges through the Form 10 registration process.
Like the S-1 registration statement, Form 10 filings provide comprehensive information about the capital structure, financial condition, history and governance of a company. However, it does not serve as a prospectus to investors for the securities issued through the Form 10 procedure, so the company would have to either register the securities under the Securities Act or have an available exemption for those securities.
G&P attorneys draft and file Form 10 registration statements on behalf of current and new clients who understand the significance of registration as a step toward listing the securities on a national exchange. Our lawyers also advise clients about the range of new reporting obligations that follow registration and free public trading of an issuer's securities.
For prompt and cost-effective client service in Form 10 registration and its variants tailored to the needs of smaller companies, contact the securities attorneys of Gottbetter & Partners in New York.
