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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
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An emerging growth company (EGC) is a classification for a company that has total annual gross revenues of less than $1.07 billion during its most recent fiscal year, allowing it to take advantage of certain reduced regulatory requirements.
Emerging growth companies are required to file certain reports with the SEC, including Annual Reports (Form 10-K) and Quarterly Reports (Form 10-Q), but they benefit from scaled disclosures and obligations.
Emerging growth companies must complete relevant SEC forms like Form S-1 for registration under the Securities Act and include specific information regarding their business, financial condition, and management.
The purpose of classifying companies as emerging growth is to encourage capital formation by reducing regulatory burdens for new companies in their early stages of development.
Emerging growth companies must report basic financial information, management discussions, risk factors, use of proceeds, and shareholder information, but they are not required to comply with several detailed disclosures.
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