Veracyte (VCYT) has released an update to notify the public and investors about the unregistered sales of equity securities.
The recent stock consideration related to Item 2.01 is considered exempt from the usual registration requirements under the Securities Act. This exemption is based on Section 4(a)(2) of the Securities Act, or alternatively, under the rules of Regulation D. This move could be of interest to market watchers, as it indicates a streamlined process in the company’s financial dealings.
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For a comprehensive understanding of the announcement, you can read the full document here.
