AGBA Acquisition (AGBA) has released an update.
AGBA Group Holding Limited, now recognized as a ‘Foreign Private Issuer’ by the U.S. Securities and Exchange Commission, will benefit from exemptions to certain U.S. reporting and corporate governance requirements. This status exempts the company from filing quarterly reports on Form 10-Q, among other provisions, potentially reducing the regulatory burden and disclosure obligations. Shareholders should note that these exemptions may affect the level of protection and information they receive compared to U.S. public company investors.
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