The Role of the Going Public Attorney

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The role of the going public attorney is one of the most important in the going public process. The going public attorneys at Hamilton & Associates Law Group have provided private companies with their going public solutions for over 15 years.

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The Role Of The Going Public Attorney

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The role of the going public attorney is one of the most important in the  going public  process.  The going public attorneys at  Hamilton & Associates Law Group  have provided private companies with their  going public  solutions for over 15 years. A skilled OTC Markets going public attorney can design and implement the going public structure most beneficial to your company without the risks associated with reverse merger transactions.  We have represented more than 300 market participants in securities law matters and going public transactions.  Our experience as going public attorneys includes  direct public offerings  (“DPO”), slow public offerings (“Slow PO”), Initial Public Offerings (“IPO’s) and SEC registration statements . Private companies using an  SEC registration statement  have a variety of structures available to them when designing their going public transactions.  Hiring the right going public attorney is critical to ensure the most cost and time effective going public solution for your private company to become publicly traded and ensure DTC eligibility .

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Many private companies file a registration statement filing with the  SEC  in connection with their going public transaction.  The most commonly used registration statement form is Form S-1. All companies qualify to register securities on a  Form S-1 registration statement .  Private companies going public should be aware of the expansive disclosure required by in registration statements filed with the SEC prior to making the decision to go public.  The issuers going public attorney and auditor play significant roles in drafting these disclosures.  A registration statement on  Form S-1  has two principal parts which require expansive disclosures.  Part I of the registration statement is the prospectus which requires that the company provide certain disclosures about its business operations, financial condition, and management.  Part II contains information that doesn’t have to be delivered to investors.  A skilled going public attorney can draft the disclosures for the Form S-1 and assist management in compiling information required for its auditor.

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Financial Statement Requirements Financial statements included in a registration statement must be audited by a firm that is a member of the Public Company Accounting Oversight Board (“PCAOB”).  SEC rules allow smaller reporting companies to provide less financial information than larger reporting issuers . Rule 405  defines a smaller reporting company as a company that: (i) had a public float of less than $75 million as of the last business day of its most recently completed second fiscal quarter, computed by multiplying the aggregate number of shares of its common equity held by non-affiliates by the price at which the common equity was last sold, or the average of the bid and asked prices of common equity, in its principal market; (ii) in the case of an initial registration statement under the Securities Act or Exchange Act for shares of its common equity, had a public float of less than $75 million as of a date within 30 days of the date of the filing, computed by multiplying the aggregate number of such shares held by non-affiliates

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Continued: Financial Statement Requirements before filing plus the number of such shares included in the registration statement by the public offering price of the shares; or (iii) if the public float as calculated under paragraph (1) or (2) above is zero, had annual revenues of less than $50 million during the most recently completed fiscal year for which audited financial statements are available . The financial statements required for a company that does not qualify as a smaller reporting company are : ♦ Audited balance sheets (consolidated if you have subsidiaries) as of the end of each of the two most recent fiscal years or if your company been in existence for less than one fiscal year, an audited balance sheet as of a date within 135 days of the date of filing the registration statement .

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Continued: Financial Statement Requirements ♦ Audited statements of income and cash flows for each of the three fiscal years preceding the date of the most recent audited balance sheet being filed or such shorter period as the issuer has been in existence . ♦ Interim reviewed financial statements for the current period if the filing is more than 135 days after the end of the issuer’s fiscal year end . ♦ Date of financial statements: Each amendment must include updated interim or audited financial statements if the financial statements in the prior filing are more than 135 days old.

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Smaller Reporting Company Disclosures In Registration Statements Smaller reporting companies and their going public attorneys may elect to provide the following disclosures in their registration statement : ♦ Audited balance sheet as of the end of each of the most recent two fiscal years, or as of a date within 135 days if the issuer has existed for a period of less than one fiscal year . ♦ Audited statements of income, cash flows and changes in stockholders’ equity for each of the two fiscal years preceding the date of the most recent audited balance sheet (or such shorter period that the issuer has been in business ). ♦ Interim reviewed financial statements for the current period if the filing is more than 135 days after the end of your fiscal year . ♦ Date of financial statements: Each amendment must include updated interim or audited financial statements if the financial statements in the prior filing are more than 135 days old.

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Business Related Disclosures In Registration Statements This business section of the registration statement describes the general character of the issuer’s business and includes a brief description of the organizational history of the company, its principal products and services, potential markets and customers, methods for distributing products and services, availability of raw materials, intellectual property, competitive conditions, research and development expenses, costs associated with complying with regulations, and the number of full and part time employees. Risk Factor Disclosures In Registration Statements The risk factor section of a registration statement describes the risks and uncertainties of investing in the issuer.  This may include limited financial resources, a limited operating history, adverse economic conditions in a particular industry, lack of a market for the securities offered, industry competition, government regulation, and/or reliance on key personnel or on a limited number of suppliers, distributors, or customers.

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Other Required Disclosures In Registration Statements This registration statement requires that the issuer identify its officers and directors and provide information on the issuer’s compensation and benefits plan, material transactions between the issuer and its officers and directors, as well as material legal proceedings involving the issuer or its officers and directors. This section of the registration statement describes the distribution plan for the securities being registered in the going public transaction including the offering size. This section sets forth the planned uses of the proceeds from the sale of the securities being registered in the registration statement .

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Misstatements In Registration Statements Used In Going Public Transactions Each company going public requires a skilled going public attorney to assist them in making required SEC disclosures.  If the registration statement , at the time it becomes effective, contains an untrue statement of a material fact or omits to state a material fact necessary to make other statements not misleading, Section 11 of the Securities Exchange Act of 1933 imposes liability on the issuer and its management as well as other third parties . The Securities Act holds individuals who help prepare a registration statement on behalf of an issuer responsible for any misrepresentations and omissions in the registration statement .  Section 11(a) of the Securities Act, 15 U.S.C. Section 77k(a), makes several categories of persons and entities responsible for material misstatements or omissions in a registration statement.

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Continued: Misstatements In Registration Statements Used In Going Public Transactions A majority of the issuer’s board of directors, as well as its principal executive officer or officers, principal financial officer, and its controller or principal accounting officer, must sign the registration statement used in the going public transaction .  The issuer, as well as each signer is subject to potential civil liability under § 11(a) of the Securities Act for material misstatements or omissions in the registration statement .  In addition, any person who controls the issuer or any other responsible party is subject to liability . In addition to the issuer and its officers and directors, attorneys, accountants and underwriters are liable under Section 11(a) of the Securities Act.  The liabilities associated with drafting registration statement disclosures mandate that the issuer engage a skilled and experienced going public attorney.

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If you are going to offer and sell securities, or go public using an SEC registration statement you will need the assistance of an experienced securities lawyer to guide you through the registration process and ensure all required disclosures are made.

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For further information about the rules & regulations that apply to investor relations activity, please contact Brenda Hamilton , Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton Florida, (561) 416-8956, by email at info@securitieslawyer101.com or visit www.securitieslawyer101.com. Please note that the prior results discussed herein do not guarantee similar outcomes . Hamilton & Associates | Securities Lawyers Brenda Hamilton , Securities Attorney 101 Plaza Real South, Suite 202 North Boca Raton, Florida 33432 Telephone: (561) 416-8956 Facsimile: (561) 416-2855 www.SecuritiesLawyer101.com

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For more information about our publications please visit the links below : A+ Offerings A+ Reporting About Brenda Hamilton Accredited Investor Status Crowdfunding Crowdfunding Portals Direct Public Offering Direct Public Offering Attorneys Draft Registration Statements DTC Chills DTC Eligibility DTC Global Locks Due Diligence EB-5 Program & Going Public Eligibility & Regulation A+ Form S-3 Registration Statement Form S-8 Registration Statement Funding Portals Global Locks Go Public 101 Going Public Attorney Going Public Bootcamp Going Public for Foreign Issuers Going Public Law Regulation A+ Disclosures Regulation A+ Q&A Regulation A+ SEC Reporting Reverse Mergers 101 Schedule 14A Schedule 14C Spam Sponsoring Market Makers Stock Promotion Going Public Lawyers Going Public Transactions Jobs Act 101 Initial Public Offerings Intrastate Crowdfunding Investor Relations 101 IPO Alternative s LinkedIn Manipulative Trading OTC Link OTC Markets OTC Markets Attorney OTC Markets Dual Listings OTC Pink Sheets OTCQB Listing, Eligibility, Quotation OTCQX Listing, Eligibility, Quotation Periodic Reporting Private Placements Registered Direct Public Offerings Regulation A+ Regulation D Regulation D Bad Actor s Restrictive Legends Reverse Mergers Reverse Merger Game Changers Reverse Stock Splits Rule 10b-5 Rule 15c-211 Rule 504 Rule 506(c) SEC Comments SEC Investigations SEC Inquiries SEC Registration Statements SEC Requests for Comments Secondary Registration Statement What is a Form 10 Registration Statement? What is DTC Eligibility? What is a Form S-8 Registration Statement? What is Form 12b-25? What are the OTC Markets OTC Pinks? What Is Regulation SHO? What Is A Confidential Registration Statement? What Are The OTC Markets? Secondary Registration Statement Social Media Schedule 14A Schedule 14C Short Sales Spam Sponsoring Market Makers Stock Scalping 101 Stock Promotion Equity Crowdfunding Exempt Direct Public Offerings FINRA Rule 6490 Forensic Attorneys Form 1-A Form 10 Registration Statement Form 10-K Twitter & Regulation A+ Wells Notices What is Going Public? What Is Accredited Crowdfunding? What Are Short Swing Profits ? Stock Spin-Offs Going Public Attorney Roles Going Public Attorneys DD OTC Markets Attorneys DD

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