Exact Sciences (NASDAQ: EXAS) files Form 15 to suspend certain SEC reporting duties
Filing Impact
Filing Sentiment
Form Type
15-12G
Rhea-AI Filing Summary
Exact Sciences Corporation filed a Form 15 to terminate registration under Section 12(g) and suspend certain reporting obligations. The company lists Common Stock, $0.01 par value per share and two convertible note series among covered classes. The filing is dated April 2, 2026.
Positive
- None.
Negative
- None.
Key Figures
Form date: April 2, 2026
Common stock par value: $0.01 per share
0.3750% Notes due 2027: Less than 300 (units)
+1 more
4 metrics
Form date
April 2, 2026
Signature date on the Form 15
Common stock par value
$0.01 per share
Listed class on the Form 15
0.3750% Notes due 2027
Less than 300 (units)
Quantity reported in filing excerpt
0.3750% Notes due 2028
Less than 300 (units)
Quantity reported in filing excerpt
Key Terms
Form 15, Section 12(g), Sections 13 and 15(d)
3 terms
Form 15 regulatory
"FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION"
A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.
Section 12(g) regulatory
"TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT"
Section 12(g) is a rule that requires companies to register with the government and share their financial details when they have a certain number of shareholders or assets. It matters because it makes these companies more transparent, helping investors make informed decisions and keeping the markets fair.
Sections 13 and 15(d) regulatory
"SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)"
FAQ
What does Exact Sciences (EXAS) Form 15 filing mean?
It notifies the SEC of termination of registration/suspension of certain reporting duties. The filing states the company is terminating registration under Section 12(g) and/or suspending duties under Sections 13 and 15(d). The effective mechanics and timing are not detailed in the excerpt.
Which securities are listed on Exact Sciences' Form 15?
The filing lists Common Stock ($0.01 par) and two convertible note series. It also shows Preferred Stock, Debt Securities, Warrants, and Rights listed with zero balances in the excerpt.
Are the 0.3750% Convertible Senior Notes due 2027 and 2028 still outstanding?
The excerpt indicates each convertible note series is reported as "Less than 300" in the filing. No further detail on holders, principal outstanding, or conversion status is provided in the excerpt.
When was the Form 15 signed for Exact Sciences (EXAS)?
The signature block shows the Form 15 was signed on April 2, 2026. The filing is executed by James R. Wenner, Vice President and Treasurer, representing Exact Sciences Corporation.
Does this Form 15 mean Exact Sciences will stop filing all SEC reports?
Not necessarily; Form 15 indicates termination of registration under Section 12(g) or suspension of duties under Sections 13 and 15(d). The excerpt lists remaining classes as "None," but it does not describe broader reporting strategy or exceptions.