The Four Key Steps to a Successful CinnoTec Spin-off.
CinnoTec has the experience and expertise to guide you and your company through the spin-off process as quickly and efficiently as possible. To give you an idea of what to expect during the process, we have provided you with the four key steps to a successful CinnoTec spin-off.
Step One - Review of Client Objectives
CinnoTec professionals will work with the client's management team to identify their short-term and long-term objectives and decide how these relate to the client's desire to "go public."
Step Two - Review Client Goals and Capital Structure
During this step CinnoTec will review several aspects of the client's company and how they relate to the client's goals. We will help the client to identify and resolve individual issues that may have an impact on how the spin-off will be accepted in the financial marketplace. CinnoTec will also help to develop a proper capital structure engineered to facilitate the client's goals, including future fund raising activities, acquisition prospects, stock options and warrants, employee stock ownership programs (ESOPs), stock management issues, etc.
Step Three - Identify a Suitable CinnoTec-Spin-Off ©
Depending on the client's goals, strategies and budget, CinnoTec's-spin-off © will help select an appropriate public spin-off vehicle. There are numerous types of public companies available; some are trading, some are not trading. Some report to the Securities and Exchange Commission while others remain non-reporting. Some even have cash on hand and are looking for just the right private operating company to conduct a CinnoTec-spin-off.
Step Four - Prepare and File All Required Documents
Starting out as a foreign, non-US company, we recommend going public into a non-reporting public CinnoTec-spin-off such as a NASD OTCPK company. As such, the client would avoid an audit conducted by a licensed public accounting firm. Nevertheless, CinnoTec is affiliated with several such firms and can assist with the preparation of a proper audit if the client has not recently undergone this audit process.
Aside from the mandated public audit, conducting a spin-off requires a number of legal documents, Board of Director resolutions, and state and federal corporate and securities filings. CinnoTec will help the client prepare and file all of the necessary paperwork to complete the spin-off © process.
Once all of the required legal documents have been executed, filed and seen through to completion, the client will successfully have taken over the public spin-off vehicle and transitioned itself into a publicly traded corporation.
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