Taking Private Companies Public
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15c211

During the process of moving from private to public, you need to file many forms and handle a number of legal obligations. 15c211 is one such obligation that most businesses have to fulfill before they move forward.

Rule 15c211 was designed to provide fully reporting public companies an easier way to have their securities quoted on the National Association of Securities Dealers' Over-the-Counter Bulletin Board (NASD OTC/BB). A company intending to obtain a quotation for its securities is required to file reports with the Securities and Exchange Commission (SEC).

To be eligible, a broker/dealer (also known as a market maker), must file a Form 211 with the NASD, containing the required information to publish a stock quote for a company on the OTC/BB. The company's most recent annual reports, all information relating to the issuer and securities, and further business information is all needed and must comply with the 15c211 filing requirements.

What Do You Need?

You need to submit a number of documents before you file the 15c211. Here is a list of requirements set in place by the authorities:

  • You need to offer all possible information about your business along with the form. This includes a business description, source of revenue, and products or services you offer. We will help you collect and provide all of these advisors.

  • The next step is to describe all of your company holdings, whether owned or leased. You don’t need to give your personal contact information because this form only asks for details regarding all of your business and business associate related information, and nothing else.

  • You need to name all current top-level executives and this includes CEO and board members.

  • You also need a CUSIP number, free-trading sample certificate, Certificate of Incorporation, the transfer agent generated list of shareholders, etc.

Our experts will help you collect all of the documentation and important information. We’ll make sure you don’t miss anything so there are no delays in the transfer.

Why Us?

We’re full service professionals that will handle all aspects of your company’s transfer from private ownership to public. Our financial solutions and consulting services have helped many companies transition smoothly and get great openings. Our experts know the entire process like the back of their hand and will guide you through the hurdles. We always aim for a long term partnership with clients!

Aspen Management specializes in 15c211 filings. Please contact us for more information or if you have any questions.

15c211


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