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SECURITIES & EXCHANGE COMMISSION EDGAR FILINGMagnolia Solar Conform: 10K/A Date Filed: 20131224Corporate Issuer CIK: Symbol: SIC Code: Fiscal Year End:1437491 MELT 7389 12/31 Copyright 2014, Issuer
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Non-accelerated filer do not is required by companies who do not meet the criteria for accelerated filer status. This filing status is determined by the regulatory authorities based on factors such as the company's market capitalization, annual revenues, and public float. It is important for these companies to fulfill their reporting obligations and provide accurate financial information to the regulatory authorities and stakeholders.
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A non-accelerated filer is a designation used by the U.S. Securities and Exchange Commission (SEC) for companies that meet specific criteria, which generally means they have less than $75 million in public float, and they are not eligible for reduced disclosure requirements available to smaller reporting companies. Non-accelerated filers do not have to comply with certain reporting requirements that accelerated filers do.
Non-accelerated filers are generally required to file with the SEC entities that fall below the $75 million public float threshold and do not qualify as a large accelerated filer or a smaller reporting company.
To fill out non-accelerated filer forms, companies must follow the SEC guidelines, making sure to provide complete and accurate financial statements, disclosures, and any additional information required in the relevant SEC forms such as Form 10-K or 10-Q, according to their classification.
The purpose of categorizing companies as non-accelerated filers is to reduce the regulatory burden on small companies, allowing them to provide less comprehensive disclosures and thus promote capital formation and investment opportunities.
Non-accelerated filers must report comprehensive financial information including balance sheets, income statements, cash flow statements, and management discussions, along with any necessary disclosures specific to their operations and risk factors.
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