UCASU - UC Asset Resolved to Become a Fully Reporting Company
August 05 2020 - 12:54PM
InvestorsHub NewsWire
August 5, 2020 -- InvestorsHub NewsWire -- UC Asset LP (OTCQX:
UCASU) management announced the company will file a form 10 to
transition from a Regulation A plus ("Reg A+") reporting company to
a fully reporting company.
"UC Asset’s mission has always been to become a billion-dollar
firm and be listed on a national exchange such as NYSE or NASDAQ,"
explains Christal Jordan, Investor Relations director of UC Asset.
"We believe becoming a fully reporting company will lay the
foundation for our further growth, enable our shareholders and
empower the company with more options and tools in financing."
UC Asset founder Larry Wu believes the conversion would provide
US Asset shareholders with more choices, which would prove
beneficial long-term. "This conversion will immediately allow more
brokerage firms to accept share deposits from UC Asset’s private
round and IPO round shareholders," Wu says.
UC Asset made its first public filing of its offering circular
with the SEC, pursuant to the requirements of Reg A+, in January
2018. The offering circular was qualified by the SEC on June 13,
2018, when the company became an SEC reporting company pursuant to
the requirements of Reg A+, and have filed its annual reports (form
1-K) and semi-annual reports (form 1-SA) since then. After becoming
a fully reporting company, UC Asset will start to file with the SEC
on a quarterly basis, including annual reports (form 10-K) and
quarterly reports (form 10-Q). The conversion will automatically
become effective after 60 days of the filing of its form 10.
About Zacks SCR
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brokerages to give clients reliable investment information. Zacks
is probably known best known for their extensive array of consensus
earnings-per-share (EPS) estimates. It also runs a quantitative
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influenced by any agenda. This stock-rating system is used by
almost all major financial data and media companies including
Bloomberg, Capital IQ, Morningstar, and the Wall Street
Journal.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of
investing in real estate for development and redevelopment,
concentrating in metropolitan areas of Atlanta, GA and Dallas, TX.
For more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200805005822/en/
Contacts
Christal Jordan | Investor Relations Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297
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