Cook Illinois is a transportation company based in Illinois that offers a wide range of services including school bus transportation, charter bus services, and public transportation. In certain instances, Cook Illinois may engage in Rule 145 transactions, which involve the issuance of securities in exchange for assets, and the affiliate letter is an integral part of this process. The Cook Illinois Affiliate Letter in a Rule 145 Transaction is a document that is commonly used when an affiliate of Cook Illinois, such as a subsidiary or a parent company, wishes to exchange its shares or assets for securities issued by Cook Illinois. This letter serves as a declaration by the affiliate stating its relationship with Cook Illinois and its intent to participate in the Rule 145 transaction. The purpose of the Cook Illinois Affiliate Letter in the Rule 145 Transaction is to ensure compliance with the regulations set forth by the Securities and Exchange Commission (SEC) regarding the issuance of securities in exchange for assets or shares. It helps establish the transparency and legitimacy of the transaction, providing relevant information about the affiliate's relationship with Cook Illinois and its qualifications for participation. There are different types of Cook Illinois Affiliate Letters in Rule 145 Transactions, depending on the nature of the affiliate and the specific transaction. Some of these types may include: 1. Parent Company Affiliate Letter: This type of affiliate letter is used when a parent company of Cook Illinois wishes to exchange its securities or assets for Cook Illinois securities. It outlines the relationship between Cook Illinois and its parent company, providing details about ownership, control, and influence. 2. Subsidiary Affiliate Letter: In cases where a subsidiary of Cook Illinois intends to participate in a Rule 145 transaction, a subsidiary affiliate letter is employed. This letter describes the subsidiary's relationship with Cook Illinois, including the extent of control, ownership structure, and financial implications. 3. Related Party Affiliate Letter: This type of affiliate letter is used when a related party, such as a closely-held entity or an individual with a significant relationship to Cook Illinois, wishes to participate in a Rule 145 transaction. It outlines the nature of the relationship and demonstrates compliance with SEC regulations. In summary, the Cook Illinois Affiliate Letter in a Rule 145 Transaction is an essential document that ensures transparency and compliance during the exchange of securities for assets or shares. It helps establish the legitimacy of the transaction by providing pertinent information about the affiliate's relationship with Cook Illinois. The various types of affiliate letters include parent company affiliate letters, subsidiary affiliate letters, and related party affiliate letters.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.