Or. Admin. Code § 441-035-0125 - Reporting
(1) Report to
Investors: An issuer of an OIO security shall report to all individuals having
an outstanding security interest obtained through this exemption at least twice
a year. An issuer may satisfy the reporting requirement of this subdivision by
making the information available on a website if the information is made
available within 45 days of the end of each fiscal half-year and remains
available for at least 60 days. An issuer must provide a written copy of the
report to any shareholder as requested. The report required by this section
shall be provided free of charge regardless of format. The report must contain
the following:
(a) Compensation received by
each Director and executive officer, or person occupying a substantially
similar role, including cash compensation earned since the previous report and
on an annual basis and any bonuses, stock options, other rights to receive
securities of the issuer or any affiliate of the issuer, or other compensation
received.
(b) An explanation and
discussion of the business operations and financial condition of the issuer
such as a recent financial statement and profit and loss statement.
(2) Reports To Director:
A copy of the report provided to investors must be provided to the Director at
the same time it is provided to the issuer's investors.
(a) The issuer must also file a sales report
with the Director no later than thirty (30) calendar days after the conclusion
of the offering in a form prescribed by the Director.
(b) A sales report must state the total
amount raised through the offering, a list of the investors who purchased
securities through the offering, and whether funds were released to the
issuer.
(c) The Director may
require any issuer to file periodic reports to keep the information contained
in the notice reasonably current and to disclose the progress of the
offering.
(d) Failure to submit
reports may result in the loss of ability to sell securities under the
OIO.
Notes
Statutory/Other Authority: 17 CFR § 230.147A & ORS 59.035
Statutes/Other Implemented: ORS 59.035
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