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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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An emerging growth company (EGC) is a company with total annual gross revenues less than $1.07 billion, that has gone public in the last five years. EGC status provides exemptions from certain regulatory requirements to facilitate growth.
Emerging growth companies are required to file reports with the SEC, including registration statements and periodic reports, but they have reduced disclosure obligations as compared to other public companies.
Emerging growth companies must complete their SEC filings using Form S-1 for initial registration, ensuring all required information and disclosures are provided. They can benefit from scaled disclosure requirements.
The purpose of designating a company as an emerging growth is to encourage smaller companies to go public by reducing the regulatory burdens associated with the IPO process and periodic reporting.
EGCs must report information such as financial statements, executive compensation, and risk factors, but they can omit certain disclosures required from larger companies, such as detailed audited financial statements for two years.
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