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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
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An emerging growth company (EGC) is a category of companies established by the Jumpstart Our Business Startups (JOBS) Act of 2012. EGCs are typically smaller companies that have less than $1.07 billion in annual gross revenue and can benefit from reduced regulatory requirements, allowing for easier access to capital.
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To fill out the required forms as an emerging growth company, companies must submit their registration statement on Form S-1 or Form S-1/A with the SEC. They need to provide financial statements, disclosures, and other necessary information, ensuring compliance with the EGC guidelines.
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The purpose of establishing the emerging growth company classification is to reduce regulatory burden and costs for smaller companies, thereby encouraging more initial public offerings (IPOs) and facilitating the growth and innovation of new businesses.
What information must be reported on or an emerging growth?
Emerging growth companies must report financial statements, management discussion and analysis, information on executive compensation, and disclosures related to corporate governance. However, they enjoy some exemptions from certain disclosures that are required of larger public companies.
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