Legal Question in Securities Law in Tennessee
How long can a private company, who is planning to go public soon, hold their shareholder's shares?
Asked on 3/01/10, 11:45 am
1 Answer from Attorneys
Nia Stefany
The Corporate Law Group
How is the Issuer planning to go public? Direct IPO or reverse merger into a public shell?
The short answer is the holding period is 6 months after a direct filing (S-1) and one year after a reverse.
Answered on 3/10/10, 7:18 pm
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