Endexx Files Amended Form 10 Including Fiscal 2020 PCAOB Audited Financials

Rhea-AI Summary

Endexx Corporation (EDXC) has filed its fiscal 2020 PCAOB audited financials with the SEC, marking a significant step toward becoming an SEC reporting company. This voluntary filing includes an amended Registration Statement on Form 10, which, if effective, could reduce statutory holding periods for private placement shares under Rule 144. Endexx currently adheres to OTC Markets' Alternative Reporting Standard and discloses quarterly and annual reports along with PCAOB audited financial statements. This filing may enhance transparency and attract a wider range of investors.

Positive

• Filed fiscal 2020 PCAOB audited financials with SEC.
• Potential to become an SEC reporting company.
• Could attract more private and accredited investors.

Negative

• None.

CAVE CREEK, AZ, April 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Endexx Corporation (OTC: EDXC), a lifestyle company focused on the intersection of science, compliance, and formulation of innovative phytonutrient-based skin care and nutritional products, today announced an update that it has publicly filed its fiscal 2020 PCAOB audited financials with the amended  Registration Statement on Form 10 with the Securities and Exchange Commission (SEC). This is a voluntary filing that is subject to SEC review. If the Registration Statement becomes effective, it would designate Endexx as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended.

Additionally, if the Registration Statement becomes effective, private and accredited investors who purchased or purchase shares in the Company through private placement would have adjusted holding periods for registration, as the statutory holding period of private placement shares would be reduced, under Rule 144 of the Securities Act of 1933, as amended (the Securities Act).

Endexx currently publishes quarterly and annual reports as well as PCAOB audited financial statements, and is in compliance with OTC Markets Alternative Reporting Standard (ARS). Should the Registration Statement become effective, Endexx would file these reports and financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act.  

See Filing: https://sec.report/Document/0001493152-21-008293/?fbclid=IwAR1-TK6-2fkumN7E52pumS8VMp2jhjPi-yssHq0yAN30Z4QrP4L1qtfFgVA

About Endexx Corporation

Endexx Corporation, through its operating division CBD Unlimited, develops and distributes all-natural CBD products derived from cannabis sativa plant (Hemp), containing less than 0.01% THC. Its products range from oils, capsules, topicals, and pet products, all with the shared purpose of therapeutic and pain relief for humans and pets. Phyto-Bites are CBD soft chews for animal use that are formulated to promote health and support the reduction of separation anxiety, pain, and inflammation. The science behind these products involves over half a decade of clinical research in the field and lab work to provide accuracy in dosage and delivery of optimal absorption per serving. 

Safe Harbor Notice

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the company’s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements.

Contact:

For further investor and media information, contact:
Endexx Corporation
Todd Davis
Chairman & CEO
Endexx@endexx.com 
480-595-6900

FAQ

What does the recent SEC filing mean for Endexx Corporation?

The recent SEC filing may lead to Endexx becoming an SEC reporting company, enhancing its transparency and appeal to investors.

How will the Registration Statement affect private placement investors of EDXC?

If effective, the Registration Statement will reduce the statutory holding period for private placement shares under Rule 144.

What are the future reporting obligations for Endexx if the SEC filing is approved?

Endexx would need to file reports as 10-Qs and 10-Ks with the SEC, complying with all obligations under the Exchange Act.

What types of products does Endexx Corporation offer?

Endexx develops and distributes all-natural CBD products, including oils, capsules, topicals, and pet products.