Sibannac, Inc. (SNNC) Nears Completion of PCAOB Audit Preparations, Plans SEC Filing
Sibannac (OTC Pink: SNNC) announced it is finalizing preparations for its PCAOB audit and plans to select a qualified auditor soon. Following the audit completion, the company intends to become fully SEC-reporting compliant, marking a significant milestone in transparency and investor confidence.
The company's business strategy focuses on acquiring companies across various industries, developing these subsidiaries, and eventually spinning them off as independent public entities. CEO David Mersky emphasized that this approach aims to maximize shareholder value while fostering innovation within each industry segment.
Sibannac (OTC Pink: SNNC) ha annunciato che sta completando i preparativi per la sua revisione PCAOB e prevede di selezionare presto un revisore qualificato. Dopo il completamento della revisione, l'azienda intende diventare completamente conforme ai requisiti di reporting della SEC, segnando un traguardo significativo in termini di trasparenza e fiducia degli investitori.
La strategia aziendale si concentra sull'acquisizione di imprese in vari settori, sullo sviluppo di queste sussidiarie e, infine, sulla loro scorporazione come entità pubbliche indipendenti. Il CEO David Mersky ha sottolineato che questo approccio mira a massimizzare il valore per gli azionisti promuovendo al contempo l'innovazione all'interno di ciascun segmento industriale.
Sibannac (OTC Pink: SNNC) anunció que está finalizando los preparativos para su auditoría PCAOB y planea seleccionar pronto a un auditor calificado. Tras la finalización de la auditoría, la empresa tiene la intención de cumplir completamente con los requerimientos de informes de la SEC, marcando un hito significativo en transparencia y confianza de los inversores.
La estrategia empresarial se centra en adquirir compañías en diversas industrias, desarrollar estas subsidiarias y, eventualmente, escindirlass como entidades públicas independientes. El CEO David Mersky enfatizó que este enfoque tiene como objetivo maximizar el valor para los accionistas mientras se fomenta la innovación dentro de cada segmento industrial.
시반낙 (OTC 핑크: SNNC)은 PCAOB 감사 준비를 마무리하고 곧 자격이 있는 감사인을 선정할 계획이라고 발표했습니다. 감사 완료 후, 회사는 SEC 보고 요구 사항을 완전히 준수할 의도를 가지고 있으며, 이는 투명성과 투자자 신뢰에 있어 중요한 이정표가 될 것입니다.
회사의 비즈니스 전략은 다양한 산업에서 회사를 인수하고, 이러한 자회사를 개발하며, 결국 독립적인 공개 법인으로 분할하는 데 초점을 맞추고 있습니다. CEO 데이비드 머스키는 이 접근 방식이 각 산업 부문 내에서 혁신을 촉진하면서 주주 가치를 극대화하는 것을 목표로 한다고 강조했습니다.
Sibannac (OTC Pink: SNNC) a annoncé qu'elle finalisait ses préparatifs pour son audit PCAOB et prévoyait de sélectionner prochainement un auditeur qualifié. Après l'achèvement de l'audit, la société prévoit de devenir complètement conforme aux exigences de rapport de la SEC, marquant une étape importante en matière de transparence et de confiance des investisseurs.
La stratégie commerciale de l'entreprise se concentre sur l'acquisition d'entreprises dans divers secteurs, le développement de ces filiales et, finalement, leur scission en tant qu'entités publiques indépendantes. Le PDG David Mersky a souligné que cette approche vise à maximiser la valeur pour les actionnaires tout en favorisant l'innovation dans chaque segment industriel.
Sibannac (OTC Pink: SNNC) gab bekannt, dass das Unternehmen die Vorbereitungen für seine PCAOB-Prüfung abschließt und bald einen qualifizierten Prüfer auswählen möchte. Nach Abschluss der Prüfung beabsichtigt das Unternehmen, vollständig konform mit den Berichterstattungsanforderungen der SEC zu werden, was einen bedeutenden Meilenstein hinsichtlich Transparenz und Vertrauen der Investoren darstellt.
Die Unternehmensstrategie konzentriert sich auf den Erwerb von Unternehmen in verschiedenen Branchen, die Entwicklung dieser Tochtergesellschaften und schließlich deren Ausgliederung als unabhängige öffentliche Einheiten. CEO David Mersky betonte, dass dieser Ansatz darauf abzielt, den Wert für die Aktionäre zu maximieren und gleichzeitig Innovation innerhalb jedes Industriesegments zu fördern.
- Moving towards becoming a fully SEC-reporting company
- Final stages of PCAOB audit preparation
- Strategic business model focused on acquisition and spin-off of companies
- Currently trading on OTC Pink market, indicating lower tier listing status
Scottsdale, Arizona--(Newsfile Corp. - December 12, 2024) - Sibannac, Inc. (OTC Pink: SNNC), a visionary in the corporate development sector, today announced that it is in the final stages of preparing for its PCAOB audit. The company is poised to select a qualified auditor in the very near future to conduct this critical review.
Following the completion of the audit, Sibannac plans to become fully reporting with the U.S. Securities and Exchange Commission (SEC). This would mark a significant milestone for the company, transitioning it to a fully reporting status under the SEC regulations, thereby enhancing transparency and investor confidence.
"We are excited to be at this pivotal point in our company's journey," said David Mersky, CEO of Sibannac, Inc. "Securing a PCAOB audit will serve as a testament to our commitment to governance and financial integrity. This step is crucial as we prepare to expand our portfolio through strategic acquisitions across various industries."
Sibannac's business strategy includes acquiring companies in diverse sectors, nurturing these subsidiaries for growth, and eventually spinning them off as independent public entities. This approach not only aims to maximize value for shareholders but also to foster innovation and leadership within each industry segment.
"We see immense potential in leveraging our expertise to guide these companies from acquisition to public offering," added David Mersky. "Our goal is to create a dynamic ecosystem of high-growth companies that can stand on their own while contributing to our overarching mission of creating long-term shareholder value."
The company will announce further details regarding the selection of the auditor and the timeline for the SEC filing as they become available.
About Sibannac, Inc.
Sibannac, Inc. (OTC Pink: SNNC) is a Nevada corporation founded in 1999 and located in Scottsdale, Arizona. Sibannac, Inc. is a growth-oriented company focused on the acquisition, development, and eventual spin-off of businesses across multiple sectors. With a strategic approach to corporate development, Sibannac aims to unlock value and drive innovation across its portfolio.
Sibannac currently specializes in creating and selling premium next generation wellness products in the consumer packaging goods space. In addition to mainstream supplements, the Company is producing Kratom and Hemp-derived Delta-8/9 THC products for wholesale and retail sales and distribution. The company is vertically integrated, with product design, sales and marketing, all under the Sibannac umbrella. Sibannac has opened its platform to outside clients to offer its marketing and brand-building assets, through its wholly owned subsidiary, The Campus Co.
More from Sibannac - For additional information and product updates, please follow us at The Campus Co. and follow us on Twitter at www.twitter.com/sibannacinc. Media Contact: Media@snncinc.com. Twitter: @SibannacInc
Cautionary Note Regarding Forward-Looking Statements.
This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Sibannac, Inc. (the "Company"), its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. 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, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233480
FAQ
What is the significance of SNNC's planned PCAOB audit for investors?
How does SNNC's acquisition and spin-off strategy work?
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