(lssued under Section 12t17 of the Registration 2025

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(8) The term issuer means any person who issues or proposes to issue any security; except that with respect to certificates of deposit for securities, voting-trust certificates, or collateral-trust certificates, or with respect to certificates of interest or shares in an unincorporated investment trust not having a
An issuer of securities is a legal entity that registers and sells securities to generate income to fund business operations. The entity must benefit directly from the sale of the security to be considered an issuer; otherwise, it is classified as a non-issuer transaction.
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.
Section 12(g) of the Exchange Act establishes thresholds at which an issuer (company) must register its securities with the SEC and become subject to periodic reporting and disclosure requirements.
By registering securities under Section 12(b) or Section 12(g) of the Exchange Act, a company becomes subject to the periodic and current reporting requirements of Section 13(a) of the Exchange Act and, as a result, becomes a reporting company.
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An issuer with securities registered under Section 12 becomes a reporting company subject to periodic and current reporting, beneficial ownership, proxy, and other obligations and requirements under the Exchange Act.

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