Blackwell 3D Announces Filing of Form 10 Registration Statement
Blackwell 3D Construction Corp. (OTC: BDCC) has filed a Form 10 Registration Statement with the SEC to register its common stock. This filing marks a transition from being an alternative reporter with OTC Markets to becoming a fully SEC-reporting company. The Form 10 is expected to become effective 60 days after filing. The move aims to enhance transparency through comprehensive disclosures, increase investor confidence, and improve market visibility. The company anticipates this change will streamline compliance by eliminating dual-reporting requirements and potentially facilitate future growth opportunities, including a possible uplisting to OTCQB.
Blackwell 3D Construction Corp. (OTC: BDCC) ha presentato un modulo di registrazione 10 presso la SEC per registrare le proprie azioni ordinarie. Questa registrazione segna una transizione da reporter alternativo con i mercati OTC a diventare una società completamente soggetta ai requisiti di reporting della SEC. Si prevede che il modulo 10 diventi efficace 60 giorni dopo la presentazione. Questa mossa mira a migliorare la trasparenza attraverso divulgazioni complete, aumentare la fiducia degli investitori e migliorare la visibilità nel mercato. L'azienda prevede che questo cambiamento semplificherà la conformità riducendo i requisiti di reporting doppi e faciliterà potenzialmente future opportunità di crescita, inclusa una possibile elevazione a OTCQB.
Blackwell 3D Construction Corp. (OTC: BDCC) ha presentado un formulario de registro 10 ante la SEC para registrar sus acciones ordinarias. Este trámite marca una transición de ser un reportador alternativo en los mercados OTC a convertirse en una empresa que reporta completamente a la SEC. Se espera que el formulario 10 entre en vigor 60 días después de su presentación. Este movimiento tiene como objetivo mejorar la transparencia mediante divulgaciones completas, aumentar la confianza de los inversores y mejorar la visibilidad en el mercado. La empresa anticipa que este cambio agilizará el cumplimiento al eliminar los requisitos de doble reporte y potencialmente facilitará futuras oportunidades de crecimiento, incluida una posible elevación a OTCQB.
블랙웰 3D 건설 주식회사 (OTC: BDCC)는 SEC에 일반 주식을 등록하기 위해 10번 양식을 제출했습니다. 이번 제출은 OTC 마켓에서 대안 보고자인 상태에서 SEC에 완전히 보고하는 회사로의 전환을 나타냅니다. 10번 양식은 제출 후 60일이 지나면 효력이 발생할 것으로 예상됩니다. 이 조치는 포괄적인 공시를 통해 투명성을 높이고, 투자자 신뢰를 증가시키며, 시장 가시성을 향상시키기 위한 것입니다. 회사는 이러한 변화가 중복 보고 요구사항을 제거함으로써 규제 준수를 간소화하고, OTCQB로의 상장 가능성을 포함한 미래 성장 기회를 촉진할 것이라고 기대하고 있습니다.
Blackwell 3D Construction Corp. (OTC: BDCC) a déposé un formulaire d'enregistrement 10 auprès de la SEC pour enregistrer ses actions ordinaires. Ce dépôt marque une transition d'un rapporteur alternatif sur les marchés OTC à une société entièrement soumise aux exigences de déclaration de la SEC. Le formulaire 10 devrait entrer en vigueur 60 jours après son dépôt. Ce mouvement vise à améliorer la transparence grâce à des divulgations complètes, à accroître la confiance des investisseurs et à améliorer la visibilité sur le marché. L'entreprise prévoit que ce changement simplifiera la conformité en éliminant les exigences de double déclaration et pourra potentiellement faciliter de futures opportunités de croissance, y compris une éventuelle montée en grade vers l’OTCQB.
Blackwell 3D Construction Corp. (OTC: BDCC) hat ein Formular 10 zur Registrierung seiner Stammaktien bei der SEC eingereicht. Diese Einreichung markiert den Übergang von einem alternativen Berichterstatter an den OTC-Märkten zu einem vollständig SEC-berichtenden Unternehmen. Das Formular 10 wird voraussichtlich 60 Tage nach der Einreichung wirksam. Der Schritt zielt darauf ab, die Transparenz durch umfassende Offenlegungen zu erhöhen, das Vertrauen der Anleger zu stärken und die Sichtbarkeit auf dem Markt zu verbessern. Das Unternehmen erwartet, dass diese Änderung die Compliance vereinfachen wird, indem doppelte Berichterstattungsanforderungen beseitigt werden und möglicherweise zukünftige Wachstumschancen, einschließlich einer möglichen Listung an der OTCQB, erleichtert werden.
- Transition to fully SEC-reporting status enhances corporate transparency and credibility
- Elimination of dual-reporting requirements streamlines compliance processes
- Potential improved access to capital markets and institutional investors
- Positions company for possible OTCQB uplisting opportunity
- 60-day SEC review period creates temporary uncertainty
- Increased regulatory compliance costs and reporting requirements
DUBAI, UAE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Blackwell 3D Construction Corp. (OTC: BDCC) (“Blackwell 3D” or the “Company”), an innovative 3D house printing technology company, is pleased to announce that it has officially filed its Form 10 Registration Statement to register its common stock with the Securities & Exchange Commission (“SEC”).
The filing of the Form 10 Registration Statement represents a pivotal step in BDCC’s journey to becoming a fully reporting company under SEC regulations. This process involves a review and comment period, during which the SEC provides feedback on the filing to ensure compliance with regulatory standards. Once the Form 10 becomes effective—expected 60 days after filing—the Company will transition from being an alternative reporter with OTC Markets to filing exclusively with the SEC, signaling its commitment to adhering to the highest regulatory standards.
“This filing reflects our dedication to adhering to the highest standards of corporate governance,” said Mohammedsaif Zaveri, CEO of Blackwell 3D. “Our shareholders will benefit from greater access to detailed financial and operational information, enabling them to make informed decisions as we continue to grow.”
The move to file the Form 10 brings numerous benefits to the Company and its shareholders:
- Enhanced Transparency: Regular, comprehensive disclosures will offer stakeholders better insights into BDCC’s financial and operational performance.
- Increased Investor Confidence: Achieving fully reporting status demonstrates BDCC’s commitment to regulatory compliance and accountability, strengthening trust among current and potential investors.
- Facilitation of Future Growth: A fully reporting status enhances BDCC’s attractiveness to institutional investors and may improve access to capital markets.
- Market Visibility: Detailed financial reporting will help investors better evaluate the Company’s growth potential, possibly leading to improved market valuation.
- Simplified Reporting Structure: Transitioning to exclusive SEC reporting eliminates the dual-reporting requirements of OTC Markets, streamlining compliance and ensuring focus on one regulatory framework.
- Preparation for Future Opportunities: The enhanced structure also better positions BDCC for potential uplisting to the OTCQB, if desired and subject to listing requirements, in the future.
BDCC remains committed to providing regular updates throughout the registration process and delivering long-term value to its shareholders.
For further information about Blackwell 3D, please visit www.blackwell3d.com for the most up-to-date news.
About Blackwell 3D Corporation
Blackwell 3D Construction Corp. is focused on developing state-of-the-art 3D technologies for use in the construction industry. Our goal is to be able to use our technology to design 3D printed residential structures and that meet our clients' specific requirements and preferences. In addition, it is our objective to use a large-scale printer and a specialized concrete mixture to print the structural components of these residential structures. Our printing process is expected to be highly automated, allowing us to create intricate designs and details with precision.
Important Notice Regarding Forward-Looking Statements
This Press Release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the Company’s review of potential financing and strategic alternatives, the Company’s research and development efforts, the Company’s prospects for 2024, and the Company’s ability to fine tune its operations, are forward-looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary effective sales, marketing, and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosure made available with the OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Contact:
Investor Relations
IR@BLACKWELL3D.COM
+1 (702) 718-0807
FAQ
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