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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549FORM 8KCURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934Date of Report (Date of The Earliest
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An emerging growth company (EGC) is a term used in the United States to describe a company with total annual gross revenues of less than $1.07 billion, which has gone public for less than five years, and is subject to reduced regulatory requirements.
Emerging growth companies are required to file certain reports with the Securities and Exchange Commission (SEC) but benefit from scaled disclosure requirements compared to larger companies.
To fill out the required filings, emerging growth companies must complete forms such as Form S-1 for initial public offerings, providing financial statements, business descriptions, and risk factors while adhering to EGC-specific regulations.
The purpose of classifying a company as an emerging growth company is to encourage investment in smaller companies by providing a less burdensome regulatory framework, thereby promoting economic growth.
Emerging growth companies must report basic financial information, management discussions, risk factors, and other disclosures that are required by the SEC but can omit certain details such as executive compensation and related party transactions for a limited time.
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