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Re:“But the SEC let us go public” and other flawed arguments... by habitue on Monday June 12, 2023 @07:52PM (#36303118)
Yeah, I'm not an expert here, but I believe it might be the reporting rules. This is the law that governs it, though it delegates a lot to the SEC and the particular requirements could be in the rules that the SEC puts out itself

https://www.sec.gov/about/about-securities-laws#secexact1934

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