SEC Reverse Merger Rulemaking in 2005 In June 2005, the SEC passed a new set of rules directly effecting reverse mergers, which became fully effective in November 2005. In addition to requiring substantial disclosure about the fully merged company within four business days after completing a reverse merger with a shell company, the rule requires every single reporting company to declare whether it meets a newly created definition of shell company. The rule also eliminated the use of Form S-8 by shell companies.
Welcome to our Legal Directory Legal & Compliance, LLC is a national corporate and securities law firm that focuses on the specific needs of OTCBB and Bulletin Board Companies. Focus areas include but are not limited to: Contact us immediately for a complimentary initial consultation. Laura Anthony, Founding Partner
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