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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: August 11, 2023
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An emerging growth company (EGC) is a classification for companies established under the Jumpstart Our Business Startups (JOBS) Act in the United States, which allows for simplified reporting and regulatory requirements to facilitate their growth.
Emerging growth companies are required to file various disclosures and reports with the Securities and Exchange Commission (SEC) if they meet certain criteria such as having total annual gross revenues of less than $1.07 billion.
Emerging growth companies need to follow specific SEC guidelines and forms, such as Form S-1 for registration, and provide necessary disclosures while adhering to scaled compliance requirements.
The purpose of the emerging growth company designation is to provide smaller companies with a less burdensome regulatory framework to foster job creation and economic growth.
Emerging growth companies must report financial statements, management discussion, risk factors, executive compensation, and other company-specific details but are exempt from certain disclosure requirements.
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