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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 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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Emerging growth refers to a company that has total annual gross revenues of less than $1.07 billion, as defined by the JOBS Act. These companies often have the potential for rapid growth but may not have reached a mature stage yet.
Emerging growth companies (EGCs) are required to file reports with the SEC if they are publicly traded and have opted to take advantage of the accommodations provided for EGCs under the JOBS Act.
Emerging growth companies should complete SEC filings using the appropriate forms (such as Form S-1 for registration statements) and ensure they meet the specific disclosure requirements set forth for EGCs.
The purpose of categorizing a company as an emerging growth company is to provide certain regulatory reliefs and accommodations to encourage growth and help them enter the capital markets more easily.
Emerging growth companies must report financial statements, management discussion and analysis, and executive compensation information among other disclosures. They benefit from reduced disclosure requirements compared to larger companies.
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