Indicate by check mark whether the registrant is an emerging growth company as dened in Rule 405 of the Securities Act of 1933-2025

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The Securities Act of 1933 was the first federal law to regulate the securities industry. It requires companies that sell stocks or bonds to the public to disclose certain information, such as their assets, financial health, executives, and a description of the security being sold.
Rule 144A (formally 17 CFR 230.144A ) is a Securities Exchange Commission (SEC) regulation that enables purchasers of securities in a private placement to resell their securities to qualified institutional buyers (QIBs) under certain conditions.
Rule 405 under the Securities Act defines an affiliate as follows: An affiliate of, or person affiliated with, a specified person, is a person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified. This definition is
The most common exemptions from the registration requirements include: Private offerings to a limited number of persons or institutions; Offerings of limited size; Intrastate offerings; and.
The term emerging growth company (EGC) is defined in Exchange Act Rule 12b-2 and Securities Act Rule 405. An EGC is an issuer that had total annual gross revenues of less than $1.235 billion during its most recently completed fiscal year unless it has exited EGC status.
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Rule 504 of Regulation D exempts from registration the offer and sale of up to $10 million of securities in a 12-month period.
A registration statement under the Securities Act of 1933 is a document filed with the Securities and Exchange Commission (SEC) used to outline information related to a public securities offering. This includes financial information, company objectives, and risks.

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