Kings New York Regla 144 Carta de Representación del Vendedor No Afiliado - Rule 144 Seller's Representation Letter Non-Affiliate

• Category: Carta - Representación del vendedor
• State: Multi-State
• County: Kings
• Control #: US-1044BG
• Format: Word

Description

When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company An affiliate is a person, such as an executive officer, a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities. Attorneys, transfer agents and brokers must be certain that all of the conditions of Rule 144 are met prior to taking action to remove a restrictive legend, but only the Seller can ensure that all the conditions are present at the actual time of sale. In order to protect themselves in issuing opinion letters and removing legends, transfer agents and most attorneys now require a letter from the Seller making certain representations and affirmations regarding their eligibility to rely on Rule 144 in the sale of their securities. This letter is commonly referred to as a Seller's Representation Letter. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate is a legal document that allows non-affiliate sellers to comply with Rule 144 under the Securities Act of 1933 when selling restricted securities. This letter serves as a representation of the seller's compliance with Rule 144 and aims to provide protection against potential violations. The Kings New York Rule 144 Sellers Representation Letter Non-Affiliate ensures that non-affiliate sellers are aware of and adhere to the specific requirements set forth by Rule 144. This rule imposes restrictions on the sale of securities that were acquired through private placements, employee stock option plans, or other non-public offerings. The letter outlines the key elements necessary for compliance, including the holding period, volume limitations, current public information requirement, and manner of sale restrictions. It serves as a formal written confirmation of the seller's intention to abide by these rules during the sale of restricted securities. Moreover, Kings New York may offer different variations or types of Rule 144 Sellers Representation Letter Non-Affiliate based on specific circumstances or additional requirements. These variations could include: 1. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Private Placement: This version of the letter is tailored for non-affiliate sellers who acquired restricted securities through private placements or similar transactions. 2. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Employee Stock Option Plans: This type of letter is designed for sellers who obtained restricted securities through employee stock option plans or equity-based compensation schemes. 3. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Non-Public Offerings: This variation targets sellers who acquired restricted securities through non-public offerings that do not fall under private placements or employee stock option plans. Each type of Kings New York Rule 144 Sellers Representation Letter Non-Affiliate ensures that sellers have a comprehensive understanding of the relevant rules and requirements associated with the sale of restricted securities. It helps protect both the seller and potential buyers by ensuring that all transactions comply with applicable regulations.

Kings New York Rule 144 Sellers Representation Letter Non-Affiliate is a legal document that allows non-affiliate sellers to comply with Rule 144 under the Securities Act of 1933 when selling restricted securities. This letter serves as a representation of the seller's compliance with Rule 144 and aims to provide protection against potential violations. The Kings New York Rule 144 Sellers Representation Letter Non-Affiliate ensures that non-affiliate sellers are aware of and adhere to the specific requirements set forth by Rule 144. This rule imposes restrictions on the sale of securities that were acquired through private placements, employee stock option plans, or other non-public offerings. The letter outlines the key elements necessary for compliance, including the holding period, volume limitations, current public information requirement, and manner of sale restrictions. It serves as a formal written confirmation of the seller's intention to abide by these rules during the sale of restricted securities. Moreover, Kings New York may offer different variations or types of Rule 144 Sellers Representation Letter Non-Affiliate based on specific circumstances or additional requirements. These variations could include: 1. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Private Placement: This version of the letter is tailored for non-affiliate sellers who acquired restricted securities through private placements or similar transactions. 2. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Employee Stock Option Plans: This type of letter is designed for sellers who obtained restricted securities through employee stock option plans or equity-based compensation schemes. 3. Kings New York Rule 144 Sellers Representation Letter Non-Affiliate — Non-Public Offerings: This variation targets sellers who acquired restricted securities through non-public offerings that do not fall under private placements or employee stock option plans. Each type of Kings New York Rule 144 Sellers Representation Letter Non-Affiliate ensures that sellers have a comprehensive understanding of the relevant rules and requirements associated with the sale of restricted securities. It helps protect both the seller and potential buyers by ensuring that all transactions comply with applicable regulations.

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.