TroyGould PC

The U.S. Securities and Exchange Commission (SEC) has introduced EDGAR Next, a modernization of its electronic filing system.?All SEC filers, including reporting entities, Section 16 filers, and large traders, must enroll by September 12, 2025, to maintain their filing capabilities. Notable Changes: ·????????Mandatory Enrollment – Required for all filers submitting electronically on SEC.gov ·????????Enhanced Security – Access limited to authorized individuals with Login.gov credentials and multifactor authentication ·????????Updated Access Controls – Introduction of Account Administrators responsible for managing EDGAR accounts ·????????Retirement of Legacy Login Codes – Automatic generation of new CCC codes, with the option to revert to previous codes ·????????Grace Period Until December 19, 2025 – After which the legacy EDGAR system will be fully deactivated Filers should begin reviewing their compliance strategies and coordinating with their filing agents to ensure a seamless transition. For further details, please refer to our full client alert: https://lnkd.in/g-C_yCYe #EDGARNext #SECCompliance #SecuritiesLaw #TroyGould

Congratulations to Sherry Davaie, Esq. on being recognized as a 2025 Super Lawyers Rising Star for the fifth year in a row. This well-deserved honor reflects Sherry’s outstanding legal skills, dedication to her clients, and commitment to excellence. Her continued recognition is a testament to her hard work and the impact she makes in the legal community. Please join us in celebrating this incredible achievement. #SuperLawyers #RisingStar #TroyGould #LegalExcellence #Congratulations

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, on March 21, 2025, FinCEN issued an interim final rule that removes the beneficial ownership reporting requirement for U.S. companies and U.S. persons. Key takeaways: ? U.S. entities are no longer required to report beneficial ownership information (BOI) to FinCEN. ? U.S. persons who are beneficial owners of foreign reporting entities are no longer subject to BOI reporting obligations. ? Only certain foreign entities are now considered “reporting companies” and must comply with new deadlines. Read our Client Alert here: https://lnkd.in/gsaY7mmi #CorporateTransparencyAct #CTA #FinCEN #TroyGould #Compliance #BeneficialOwnership

The U.S. Department of Treasury has announced a suspension of penalties and fines for domestic companies and U.S. citizens related to Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA). Additionally, the Treasury plans to propose new rules limiting the CTA’s scope to foreign reporting companies. Key Takeaways: - No BOI reporting required for domestic companies and U.S. citizens at this time. - Foreign entities registered to do business in the U.S. may still need to comply once new rules take effect. - Enforcement is on hold pending regulatory changes. Read our Client Alert here: https://lnkd.in/gZXuTRx5 #CorporateTransparencyAct #CTA #FinCEN #TroyGould #Compliance #BeneficialOwnership

Today, on International Women’s Day, we celebrate the remarkable contributions of women across industries, communities, and the world. From breaking barriers to paving the way for future generations, women continue to lead with strength, resilience, and innovation. Let’s commit to recognizing, supporting, and empowering women—not just today, but every day. #IWD2025 #InternationalWomensDay #TroyGould

The Corporate Transparency Act (CTA) is back in effect, and the Financial Crimes Enforcement Network (FinCEN) has extended key reporting deadlines. Most companies now have until March 21, 2025, to file their Beneficial Ownership Information Reports (BOIR).?With ongoing litigation and potential legislative changes, businesses must stay proactive in understanding their reporting obligations. Our latest Client Alert, co-authored by Sherry Davaie, Esq. and Calvin Cheng, covers: ? Updated CTA filing deadlines ? Which businesses are required to report and key exemptions ? Legal challenges and what they mean for compliance Read the full alert here: https://lnkd.in/gEwnEzi5 #CorporateTransparencyAct #BusinessLaw #TroyGould

Congratulations to Bancroft Capital, LLC in its successful underwriting of TEN Holdings, Inc.’s recent initial public offering. The offering was for an aggregate of 1,667,000 shares of common stock, priced at $6.00 per share. TroyGould is proud to represent Bancroft Capital, a certified Service-Disabled Veteran-Owned Small Business specializing in institutional brokerage and capital markets services and founded upon a commitment to service – to clients, country, veterans and first-responders. David Ficksman and R. Joilene Wood acted as legal counsel to Bancroft Capital. TEN Holdings, a provider of event planning, production, and broadcasting services, received gross proceeds of $10.0 million from the IPO before deducting the underwriting discount and fees. https://lnkd.in/g4QrxgT7 #IPO #VeteranOwnedBusiness #NASDAQ #TroyGould

Congratulations to LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT and LIXTW) in closing a Registered Direct Offering with aggregate gross proceeds of $1.05 million. David Ficksman acted as the advising attorney. The offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 434,784 shares of common stock at $2.415 per share and, in a concurrent private placement, the company offered unregistered warrants to purchase up to an aggregate of 434,784 shares of common stock with an exercise price of $2.29 per share. The offering closed on February 13, 2025.?H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.?Lixte Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing and commercializing cancer therapies. https://lnkd.in/g5ihjtKd #biotech #IPO #TroyGould

Wishing you a happy Presidents' Day! At TroyGould, we take this moment to reflect on the dedication and vision that define great leadership. #PresidentsDay2025 #Leadership #TroyGould

Kudos to David Ficksman and R. Joilene Wood for advising FBS Global Limited in its $10.0 million initial public offering that closed on February 7, 2025.?WallachBeth Capital LLC acted as lead underwriter of the offering.?FBS Global Limited, a green building contractor with award-winning projects using green construction methods and sustainably-source and environmentally responsible materials based in Singapore, is now trading under the ticker symbol “FBGL” on the Nasdaq Capital Market. https://lnkd.in/gvVQKV8V #IPO #TroyGould