Public Company

Definition:

Under US securities laws, a company with its securities registered under Section 12 of the Exchange Act and traded on the open market. Pursuant to Section 12(b), securities listed on a national securities exchange must be registered. This also includes Public Companies picked up under Section 12(g) due to a broad shareholder base or a public offering.

Public Companies must satisfy strict reporting requirements set out by the SEC, including public disclosure of Financial Statement(s) and the filing of Periodic Reports.

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