Once accepted by Equity Portal and upon agreeing to our Terms, each company will need to provide a file with certain information in an “offering statement” known as a Form C. Form Cs are filed with the SEC on the EDGAR platform. To submit a Form C and other filings with the SEC, the Issuer must first obtain a filing code, known as a CIK number. SEC filings should be prepared with the assistance of your lawyer and accountant.
Equity Portal cannot provide legal or accounting services, but contact us if you need referrals to providers of these services.
Companies accepted by Equity Portal can work on their platform offering page and Form C disclosure simultaneously. However, the offering page cannot go live until a Form C has been formally filed with the SEC.
Form C Key Information
Please note the utmost importance of ensuring that information on your Form C, offering page, and related SEC filings are accurate and complete. If there is a material change after filing, you must amend Form C to include any material changes to prior information or new information that investors may consider material to their investment decision.
Equity Portal cannot provide legal or accounting services, but contact us if you need referrals to these services providers.
After a successful offering, the company will be required to file regular annual reports with the SEC that include all of the information that had been required to be included in the original offering statement described above (updated in all respects as applicable to the current date of the annual report). This must be filed no later than 120 days after the end of each completed fiscal year.
One difference between an annual report and the original offering statement is that the financial statements for the most recent fiscal year need only be certified by the principal executive officer of the company to be true and correct in all material respects (unless reviewed or audited financial statements are available for such year, in which case those financial statements must be provided).
Companies will be required to continue to file annual reports every year until the earliest of the following:
Cancelation or Early Termination
It is extremely important to note that once an issuers campaign is over, there may or may not be any ongoing relationship between the issuer and Equity Portal.