Ocean Eclipse ComplianceRegulatory Compliance

  • General Regulatory advisement*
  • Maintenance of public records
  • 8K creation and filings
  • 10Q and 10K corporate advice
  • PPM creation
  • MD and A creation
  • Stock option management
  • Transfer agent coordination
  • DTCC security position reporting and analysis

*we are not a legal firm and do not provide legal advice

The Challenge

– Our client wanted to restructure his public company and develop financing options. 

However, the company had not filed with Edgar (SEC) for some time, had a billion plus shares outstanding and had been given skull and crossbones by OTC Markets, thereby making it difficult to finance.

The Solution

We applied to FINRA for a Reverse Split.  This entailed some very detailed paperwork, and working with CUSIP, the client’s transfer agent, the consent of shareholders and the State of Nevada.  We also filed the appropriate 8K filings and worked directly with OTC Markets, with who we have an excellent relationship.

The Result

FINRA accepted the reverse split, OTC Markets removed the skull and crossbones and the company was re-organized.  We then introduced the client to a group of financiers who ended up investing in the client to everyone’s mutual success.