Public Company Advisory Blog
February 15, 2023

Navigating Loss of WKSI Status

A company may potentially lose WKSI status upon filing its Form 10-K or Form 20-F. To assist public companies in addressing this issue, we have prepared the following memo on navigating loss of WKSI status.

The SEC Staff has outlined specific procedures that a company can follow when it is going to lose WKSI status upon the filing of its Form 10-K or Form 20-F to ensure that it may continue to offer and sell securities off of its existing automatic shelf registration statement pending the effectiveness of a new non-automatic shelf registration statement or post-effective amendment. These procedures are outlined in Securities Act Rules CDI 198.06 and further discussed in our memo.

The post Navigating Loss of WKSI Status appeared first on Public Company Advisory Blog.