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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549FORM 10Q (?)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the
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An emerging growth company (EGC) is a designation for a company that has total annual gross revenues of less than $1.07 billion (as of 2021) and is eligible for certain financial disclosure modifications to facilitate capital formation.
Companies that qualify as emerging growth companies under the JOBS Act are required to file as EGCs. This includes firms that have not completed an initial public offering (IPO) and meet the revenue threshold.
Emerging growth companies must fill out registration statements with the SEC, providing financial statements, business descriptions, and other disclosures required by the SEC. They may also use less extensive reporting requirements than established companies.
The purpose of the emerging growth company designation is to encourage capital investment in smaller companies by reducing the regulatory burdens associated with going public, thereby promoting job creation and economic growth.
EGCs must report key information including financial statements, management analysis, executive compensation, and material risks, among other disclosures, but are permitted to provide scaled-back disclosures.
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