2024-03-08 08:09:03 ET
- SMG Industries ( OTCQB:SMGI ) announced its strategic decision to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.
- By eliminating the company’s exchange act reporting obligations, SMG aims to streamline its financial operations, reporting obligations, reducing administrative costs, and allowing the business to focus on core business activities.
- On or about March 15, 2024, the Company intends to file a Form 15 with SEC to voluntarily effect the deregistration of its common stock.
- As a result of this decision, the company’s common stock will be moved from the OTCQB to the Expert Market of the OTC Markets Group.
- Source: Press Release
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SMG Industries to voluntarily deregister from SEC