Illinois Joint Filing of Rule 13d-1(f)(1) Agreement is a legal agreement that allows multiple entities or individuals to collectively file a single statement, known as Schedule 13D, with the Securities and Exchange Commission (SEC) when they acquire beneficial ownership of more than 5% of a company's voting securities. This agreement ensures compliance with the reporting requirements outlined in Rule 13d-1(f)(1) of the Securities Exchange Act of 1934. Joint filing is commonly adopted when multiple parties, such as investment funds, institutional investors, or partnerships, collaborate in acquiring a significant stake in a publicly traded company. It streamlines the reporting process and facilitates transparency in disclosing collective ownership interests, avoiding duplicate filings and potential discrepancies. Some key elements typically encompassed in an Illinois Joint Filing of Rule 13d-1(f)(1) Agreement include: 1. Parties to the Agreement: The agreement identifies the entities or individuals participating in the joint filing. This may include individual investors, investment firms, or limited partnerships involved in the acquisition. 2. Target Company: The agreement contains details about the company whose voting securities are being acquired. It includes the company's name, stock ticker symbol, and identifying information to ensure accuracy in reporting. 3. Ownership Percentage: The agreement specifies the collective ownership percentage held by the joint filers. This indicates the total stake in the target company's voting securities that the parties have acquired. 4. Reporting Obligations: The agreement outlines the responsibilities of each party regarding the filing of Schedule 13D. It establishes the lead filer, who will be responsible for preparing and submitting the joint filing to the SEC. 5. Voting and Decision-Making: If there are multiple joint filers, the agreement may include provisions regarding voting rights and decision-making processes. It can stipulate how voting rights will be exercised and how major decisions related to the collective ownership will be made. It's important to note that while Illinois Joint Filing of Rule 13d-1(f)(1) Agreement is a commonly used term, the specific requirements and agreements may vary across jurisdictions or contract terms. However, the primary objective remains the same: to comply with SEC reporting requirements and provide transparency to the market regarding collective ownership interests in publicly traded companies.