Examples of IMC Statement in a sentence
The issuer shall include the issuer’s financial projections of income and expense for two (2) years from the date of the IMC Statement.
If the issuer has been in existence for twelve (12) months or more the issuer must provide to each prospective investor a balance sheet and statement of income and expense of its most recently completed fiscal year and interim quarterly financial statements if the issuer’s fiscal year ended more than ninety (90) days prior to the date of the IMC Statement.
The completed IMC Statement, including exhibits, shall be provided to the relevant intermediary and shall be made available to potential investors after the Certification of Invest Mississippi Crowdfunding Registration has been issued by the Division.
Registration by this Rule shall become effective on the issuance of a Certification of Invest Mississippi Crowdfunding Registration by the Division which shall be issued within five (5) business days of receiving the completed IMC Statement and all other exhibits to the IMC Statement, except as otherwise specified by the Division.
No offerings or sales of securities shall be made in reliance on this Rule until the issuer files the IMC Statement in writing or in electronic form with the Division, completed with specificity as required by the instructions in the Statement, and as required by the Division, in writing or in electronic form as specified by the Division and the issuer is issued a Certification of Invest Mississippi Crowdfunding Registration from the Division.
The issuer must also include in such filing a copy of the escrow agreement as required by Subsection (B)(6) above, all other exhibits to the IMC Statement as otherwise specified by the Division, and any other documents or information the Division may require to administer and enforce the requirements of this Rule.
For any offer or sale of securities offered or sold in compliance with Rule 504, the IMC Statement shall be used as the registration statement required to be filed with the Division under this Rule.
Registration by this Rule shall become effective on the issuance of a Certificate of Invest Mississippi Crowdfunding Registration by the Division which shall be issued within five (5) business days of receiving the completed IMC Statement and all other exhibits to the IMC Statement except as otherwise specified by the Division.
The issuer must also include in such filing a copy of the escrow agreement as required by subsection (B)(6) above, all other exhibits to the IMC Statement as otherwise specified by the Division and any other documents or information the Division may require to administer and enforce the requirements of this Rule.
For any offer or sale of securities offered or sold in compliance with Rule 504 of SEC Regulation D, 17 CFR Section 230.504, promulgated pursuant to the Securities Act of 1933, 15 U.S.C. Section 77a, et seq., and any amendments thereto, the IMC Statement shall be used as the registration statement required to be filed with the Division under this Rule.