SEC filings
Form 10, Exchange Act registration
The Exchange Act registration that makes a company an SEC reporting company.
- Form
- Form 10: 10-12G or 10-12B
- Effectiveness
- 12(g): 60 calendar days after filing
- Who files
- Companies registering a class
- Financials
- Audited, with the PCAOB opinion
- Plan
- Tracked on every plan
When Form 10 becomes effective
- 10-12GAutomatic by lapse of time under Section 12(g)(1), 60 calendar days after filing, with no weekend or SEC holiday roll.
- 10-12BEffective 30 days after the SEC receives the exchange's certification, or sooner if accelerated (Section 12(d)), not on the 60-day clock.
- Reporting startsObligations begin at effectiveness; track the dates in ET.
What Form 10 contains
- CompanyBusiness description, risk factors, and properties.
- Financial statementsAudited financial statements with the audit report attached.
- ManagementCompensation and beneficial ownership disclosures.
- SecuritiesDescription of securities, indemnification, and recent sales of unregistered securities.
How TakePublic handles it
TakePublic prepares this; your filing agent files it. TakePublic drafts the Form 10, runs the review and counsel sign-off, freezes the signed package, and at Sign and submit the company downloads the filing package (EDGAR envelope, signed documents, manifest and PDF proof) and hands it to its filing agent. The Company calendar row closes when EDGAR shows the filing.
Frequently asked questions
When does a Form 10 under Section 12(g) become effective?
Sixty calendar days after the original filing date, with no weekend or SEC holiday roll on that date.
What is the difference between 10-12G and 10-12B?
10-12G registers under Section 12(g), typically for OTC or no exchange listing. 10-12B registers under Section 12(b) for an exchange listing and becomes effective 30 days after the SEC receives the exchange's certification, or sooner if the SEC accelerates it, rather than on the 60-day clock.
Does Form 10 need an auditor consent exhibit?
No. Form 10 carries the audit report in the document but not an Exhibit 23 consent; consent exhibits apply to Securities Act registrations such as S-8 and S-3.
Does TakePublic handle Form 10?
Not today. Your counsel drafts and files it; once effective, set the reporting basis in Settings and TakePublic builds the 10-K, 10-Q, and 8-K calendar the company now owes.
Official sources
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TakePublic is a technology platform, not a law firm, broker-dealer, or auditor. Forms 3, 4 and 5 prepared in TakePublic file only after the reviewer the company designates, such as its securities counsel, signs off; any other filing prepared in TakePublic files only after a licensed securities attorney signs off.