What is an SEC Form 15?

SEC Form 15: An Overview SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by companies to revoke their registrations as publicly-traded corporations.

What is a 15 15D filing?

SEC Form 15-15D is a certification of termination of registration of a class of security under Section 12(g) or a notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the 1934 Securities Exchange Act.

What is pursuant to Section 13 or 15 D of the Securities Exchange Act of 1934?

A company subject to Section 13 or 15(d) of the US Securities Exchange Act of 1934 (Exchange Act), which requires the company to file periodic reports with the US Securities and Exchange Commission (SEC).

What happens when a stock is revoked?

When a security gets delisted, it ceases to trade on a major exchange. That said, technically, the holding of an investor is intact, and he can still trade in the security, provided there are willing buyers. However, in reality, the ownership right to the security becomes worthless.

What happens when a stock is deregistered?

Once a company has successfully deregistered, the company’s stock can no longer be publicly traded. When a company deregisters, it is also delisted simultaneously because it can no longer be publicly traded.

What is a voluntary filer with the SEC?

A company that is not required under Section 13(a) or 15(d) of the Exchange Act to file periodic reports with the SEC but nevertheless files these reports.

Why would a company file a Form 25?

Understanding SEC Form 25 It might just want to voluntarily delist from a national securities exchange or inter-dealer quotation system, in order to suspend or reduce the company’s public reporting obligations under the Securities Exchange Act.

What is Section 12 of the Exchange Act?

Introduction. Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”) establishes the thresholds at which an issuer is required to register a class of securities with the Securities and Exchange Commission (the “SEC”).

What is Blockbuster stock worth?

Blockbuster Share Price

Open Price
High Price
Low Price
Close Price	0.074
Prev. Close	0.074

What does it mean to file SEC Form 15?

Updated Feb 21, 2018. SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration.

When does a company have to file Form 15-12g?

When a company registers securities, it is obligated by regulation to file periodic and current reports with the SEC. Form 15-12G may end those obligations as securities are de-issued. SEC Form 15-12G is provided by the Securities and Exchange Commission (SEC) in reference to Sections 12 (g), 13 and 15 (d) of the 1934 Securities Exchange Act.

What is the purpose of a form 15?

It is used by companies to revoke their registrations as publicly-traded corporations. Form 15 is typically used by small companies with a limited number of shareholders who decide that the expense and reporting requirements of remaining a publicly-traded corporation are too onerous.

How many shareholders do you have to have to file Form 15?

A company must have fewer than 300 shareholders to be eligible to file Form 15. The reporting requirements are detailed in the Securities Exchange Act of 1934. They are extensive and can be burdensome for small publicly-listed firms. Some of these experience very little trading of their stock on the public exchange.