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Contract analysis / sec-cover-letter-drs1.docx
sec-cover-letter-drs1.docx
1015-00001 · 4 clauses
High · 0 Medium · 1 Standard · 0
1. Reduced Financial Statement Periods. The Company has presented management's discussion
1. Reduced Financial Statement Periods. The Company has presented management's discussion and analysis of financial condition and results of operations ("MD&A") for two fiscal years (fiscal years ended December 31, 2020 and December 31, 2021) rather than three fiscal years, in reliance on the accommodations available to emerging growth companies under Section 102(b)(1) of the JOBS Act.
2. Reduced Executive Compensation Disclosure. The Company has provided executive compensa
2. Reduced Executive Compensation Disclosure. The Company has provided executive compensation disclosure consistent with the requirements applicable to emerging growth companies under the JOBS Act, which permits the Company to omit a Compensation Discussion and Analysis ("CD&A") and provide reduced tabular and narrative compensation disclosure in accordance with the requirements of Regulation S-K Item 402 as applicab
3. Extended Transition Period for New Accounting Standards. The Company has elected to ta
3. Extended Transition Period for New Accounting Standards. The Company has elected to take advantage of the extended transition period for complying with new or revised financial accounting standards pursuant to Section 107(b) of the JOBS Act, under which the Company will adopt new or revised accounting standards on the timeline applicable to non-public companies until such time as the Company ceases to be an emergi
4. Exemption from Auditor Attestation on Internal Controls. The Company is relying on the Medium
⚑ Confidentiality undertaking
4. Exemption from Auditor Attestation on Internal Controls. The Company is relying on the exemption from the requirement to obtain an auditor attestation report on the effectiveness of the Company's internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act of 2002, as permitted for emerging growth companies under Section 103(a)(3) of the JOBS Act. Confidentiality Request The Company res