Capital Properties, Inc. Form 15 Filing
Capital Properties Inc (OTCQX: CPTP) announced on February 11, 2025, that it has filed a Form 15 with the SEC to deregister its Class A common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. The company's requirement to file periodic reports (Forms 10-K, 10-Q, and 8-K) was immediately suspended upon filing.
While the Form 15 is expected to become effective in 90 days, after which CPTP will no longer be a public reporting company, it plans to maintain its OTCQX trading status by adhering to OTC Markets disclosure requirements, including quarterly and annual disclosure filings. The company's core business involves long-term real estate leasing in downtown Providence, Rhode Island for commercial development, and leasing locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising.
Capital Properties Inc (OTCQX: CPTP) ha annunciato l'11 febbraio 2025 di aver presentato un Modulo 15 alla SEC per disregistrare le proprie azioni ordinarie di Classe A e sospendere gli obblighi di reporting ai sensi del Securities Exchange Act del 1934. L'obbligo dell'azienda di presentare rapporti periodici (Moduli 10-K, 10-Q e 8-K) è stato immediatamente sospeso alla presentazione.
Sebbene ci si aspetti che il Modulo 15 diventi effettivo entro 90 giorni, dopo di che CPTP non sarà più una società pubblica di reporting, ha in programma di mantenere il proprio stato di trading OTCQX rispettando i requisiti di divulgazione di OTC Markets, compresi i filing di divulgazione trimestrali e annuali. Il business principale dell'azienda riguarda l'affitto immobiliare a lungo termine nel centro di Providence, Rhode Island, per lo sviluppo commerciale, e l'affitto di spazi lungo autostrade e strade principali nel Rhode Island e nel Massachusetts per la pubblicità all'aperto.
Capital Properties Inc (OTCQX: CPTP) anunció el 11 de febrero de 2025 que ha presentado un Formulario 15 ante la SEC para desregistrar sus acciones ordinarias de Clase A y suspender sus obligaciones de reporte bajo la Ley de Mercado de Valores de 1934. La obligación de la empresa de presentar informes periódicos (Formularios 10-K, 10-Q y 8-K) fue suspendida de inmediato tras la presentación.
Si bien se espera que el Formulario 15 se haga efectivo en 90 días, después de lo cual CPTP ya no será una empresa de reporte público, planea mantener su estado de negociación en OTCQX cumpliendo con los requisitos de divulgación de OTC Markets, incluidos los informes de divulgación trimestrales y anuales. El negocio principal de la empresa implica el arrendamiento inmobiliario a largo plazo en el centro de Providence, Rhode Island para el desarrollo comercial, y el arrendamiento de ubicaciones a lo largo de autopistas e importantes carreteras en Rhode Island y Massachusetts para la publicidad al aire libre.
Capital Properties Inc (OTCQX: CPTP)는 2025년 2월 11일 SEC에 양식 15를 제출하여 클래스 A 보통주를 등록 취소하고 1934년 증권 거래법에 따른 보고 의무를 중단한다고 발표했습니다. 회사의 정기 보고서 제출 의무(양식 10-K, 10-Q 및 8-K)는 제출과 동시에 즉시 중단되었습니다.
양식 15는 90일 이내에 효력이 발생할 것으로 예상되며, 그 후 CPTP는 더 이상 공개 보고 회사가 되지 않지만 OTC Markets의 공시 요구 사항을 준수하여 OTCQX 거래 상태를 유지할 계획입니다. 여기에는 분기 및 연간 공시 제출이 포함됩니다. 회사의 주요 사업은 로드 아일랜드주 프로비던스 시내에서 상업 개발을 위한 장기 부동산 임대와 로드 아일랜드 및 매사추세츠주의 고속도로 및 주요 도로에 따른 야외 광고를 위한 임대 위치를 포함합니다.
Capital Properties Inc (OTCQX: CPTP) a annoncé le 11 février 2025 qu'elle avait déposé un Formulaire 15 auprès de la SEC pour désenregistrer ses actions ordinaires de Classe A et suspendre ses obligations de reporting conformément à la Loi sur les valeurs mobilières de 1934. L'obligation de l'entreprise de déposer des rapports périodiques (Formulaires 10-K, 10-Q et 8-K) a été immédiatement suspendue lors du dépôt.
Bien que le Formulaire 15 devrait entrer en vigueur dans 90 jours, après quoi CPTP ne sera plus une entreprise de reporting public, elle prévoit de maintenir son statut de négociation OTCQX en respectant les exigences de divulgation des marchés OTC, y compris les dépôts de divulgation trimestriels et annuels. L'activité principale de l'entreprise consiste en la location immobilière à long terme dans le centre-ville de Providence, Rhode Island, pour le développement commercial, ainsi que la location de sites le long des autoroutes et des routes principales dans le Rhode Island et le Massachusetts pour la publicité extérieure.
Capital Properties Inc (OTCQX: CPTP) kündigte am 11. Februar 2025 an, dass es ein Formular 15 bei der SEC eingereicht hat, um seine Stammaktien der Klasse A abzumelden und seine Berichtspflichten gemäß dem Securities Exchange Act von 1934 auszusetzen. Die Verpflichtung des Unternehmens zur Einreichung von periodischen Berichten (Formulare 10-K, 10-Q und 8-K) wurde mit der Einreichung sofort ausgesetzt.
Obwohl erwartet wird, dass das Formular 15 in 90 Tagen wirksam wird, nach dem CPTP kein börsennotiertes Unternehmen mehr sein wird, plant das Unternehmen, seinen OTCQX-Handelsstatus aufrechtzuerhalten, indem es die Offenlegungspflichten von OTC Markets einhält, einschließlich vierteljährlicher und jährlicher Offenlegungsanträge. Das Kerngeschäft des Unternehmens umfasst die langfristige Immobilienvermietung im Stadtzentrum von Providence, Rhode Island, zur gewerblichen Entwicklung sowie die Vermietung von Standorten entlang von Autobahnen und Hauptstraßen in Rhode Island und Massachusetts für Außenwerbung.
- Company will reduce compliance costs by suspending SEC reporting obligations
- Maintains OTCQX trading status and continues providing financial disclosures
- Stable business model based on long-term real estate leasing
- Reduced transparency and reporting requirements may impact investor confidence
- Deregistration could potentially affect stock liquidity
- access to capital markets as a non-reporting company
PROVIDENCE, R.I., Feb. 11, 2025 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) today announced that it filed a Form 15 with the Securities and Exchange Commission (the "SEC") to deregister its Class A common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "34 Act"), and to suspend its reporting obligations under Section 15(d) of the '34 Act. The Company's obligation to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, was suspended immediately upon filing of Form 15. Once Form 15 is effective, which is expected to occur 90 days after filing, the Company will no longer be a public reporting company.
Despite the termination of registration, the Company intends to continue to qualify for trading on the OTCQX by complying with the OTC Markets disclosure requirements, which include among others things, filing of quarterly and annual disclosure documents.
About Capital Properties, Inc.
Capital Properties, Inc. and its subsidiary's principal business consist of the long-term leasing of certain of its real estate interests in downtown
CONTACT:
Susan R. Johnson, Treasurer
401-435-7171
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SOURCE Capital Properties, Inc.
FAQ
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