Filing a Form 211 to Receive a Trading Symbol

Rule 15c211 was designed to allow non-reporting public company's securities to be quoted on the National Association of Securities Dealers' ("NASD") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures.

Now, companies seeking to obtain a quote on the NASD OTC/BB are required to file reports with the Securities and Exchange Commission ("SEC"), under Section 15D of the Securities Exchange Act of 1933 (the "Act"), as amended, or section 12G of the 1934 SEC Act. A company who has filed a registration statement with the SEC using an SB-1, SB-2, or Form 10, will become a reporting company when the SEC declares the registration statement effective. Once the company is reporting, it is eligible to have a market maker file a Form 211 with the NASD. The 211 must be approved by the NASD, which normally takes 3 to 6 months, before the company can trade its stock on the OTC/BB. The NASD will require 40 to 50 shareholders and sufficient public float to approve the 211 application.

If you need assistance in having a Form 211 filed with the NASD so that your company can trade on the OTCBB, we can help prepare that paperwork and introduce you to a market maker. Contact us for more information.

More Information on going public and reverse mergers

• Advantages of Going Public Through a Reverse Merger or a Public Shell Purchase
  
  Preparation for a Reverse Merger or Public Shell Merger
  
  Examples of Successful Reverse Mergers with Public Shells

• Disadvantages of being Public either via a Reverse Merger or an IPO
  
  Requirements Necessary to Close a Reverse Merger or Public Shell Merger
  
  Filing a Form 211 to Receive a Trading Symbol

For more information on going public through a reverse merger and details on public shells currently available, please contact Go Public Institute at 281-419-2200