In the first part of the article we mentioned prospectus. To be sure that all information in the prospectus are true and pertinent it is necessary to do due diligence. It will be performed by your accountants and our experts at Mina Mar Group. The business objective, position among competition, management, business plan and performance, financial situation will all be carefully evaluated by MMG. The review process also involves getting information about the customers, vendors and industry sector of the company. As we get more information we will make changes in the prospectus and fill in missing information.
The drafted prospectus will be filed and presented by Mina Mar Group to the Securities and Exchange Commission (SEC). As we already mentioned prospectus is standard part of an IPO process. It ensures that important information regarding the issuing securities are disclosed to potential investors. Preliminary prospectus ("red herring") is the first offering document which contains most of the relevant details is filed with SEC. The SEC will likely return the prospectus within some weeks with comments, requesting further clarification, disclosure or additional information. After the revision of the prospectus based on previous comments it will be approved by the SEC.Final prospectus also know as offering circular contains finalized information including security's price. It means that offering is effective and it can be printed.
Mina Mar Group trough collaboration with our stock transfer agent will work for submission of form 15©2-11 (the basics of 15C2-11 application is intended to ensure that market maker has adequate information and has completed adequate due diligence on an issuer before it quotes its securities) so it will comply with Financial Industry Regulatory Authority (FINRA). We will continuously work with FINRA until all answers are provided and acceptance of your company is guaranteed.
Following the preparation of prospectus and filing with SEC we acquire the service of stock distribution firms, investor relation firms and other firms that will put in effort in marketing and selling parts of the offering to interested parties. Our investor relation firm will arrange several meetings with potential analysts and investors. Road show involves presentation of the company in the formal setting to investors and analysts so they can decide whether to invest or not.
If you need assistance in taking your company public don't hesitate to contact us - MinaMarGroup.com
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