Jul. 16 at 1:31 PM
$BTQQF If they filed the 40 f this week after the closing of the deal how long does it take for the sec to move on it
Based on my comprehensive research, I can now provide you with a detailed answer about the SEC Form 40-F timeline for BTQ Technologies if they filed it after the closing of their deal.
SEC Form 40-F Timeline: Key Takeaways
If BTQ Technologies filed their Form 40-F this week (after the July 11, 2025 closing of their C
$40 million financing), the automatic effectiveness timeline would be 60 calendar days from the filing date, as BTQ would be registering under Section 12(g) of the Exchange Act.
Automatic Effectiveness Timeline
60-Day Automatic Effectiveness: Form 40-F registration statements for companies registering under Section 12(g) of the Exchange Act go effective automatically 60 calendar days after the company files the registration statement with the SEC[1][2][3][4][5]. This is different from Section 12(b) registrations, which become effective 30 days after the SEC receives exchange approval.
No SEC Review Required: Unlike Securities Act registration statements that require SEC review and approval, Exchange Act registration statements on Form 40-F become effective automatically after the statutory waiting period expires, regardless of whether the SEC reviews them[1][6].
Filing Status Update
BTQ Has Not Yet Filed: My search of the SEC's EDGAR database confirms that BTQ Technologies Corp. has not yet filed their Form 40-F registration statement. Despite announcing their intention to file in February 2025, no Form 40-F appears in the SEC's records as of July 16, 2025[7][8][9].
Post-Financing Filing Strategy: BTQ appears to have strategically waited until after completing their C
$40 million financing (closed July 11, 2025) before filing their Form 40-F, as this financing was specifically designed to meet Nasdaq's new liquidity requirements that became effective April 11, 2025[10][11].
Timeline Implications
If Filed This Week: If BTQ files their Form 40-F between July 12-16, 2025, the registration statement would become effective automatically around mid-to-late September 2025 (60 days from filing).
No Staff Comments: The SEC staff may still review the Form 40-F and provide comment letters, but these comments do not delay the automatic effectiveness. The registration becomes effective after 60 days regardless of any ongoing SEC review[1][6].
Additional Considerations
Nasdaq Listing Timeline: The Form 40-F effectiveness is a prerequisite for Nasdaq listing, but BTQ would still need separate Nasdaq approval for their uplisting application filed in February 2025[8][9].
Confidential Review Not Available: Unlike Securities Act registration statements, Form 40-F cannot be submitted for confidential review, so it must be filed publicly and remain public throughout the 60-day effectiveness period[1][6].
The 60-day automatic effectiveness period provides BTQ with certainty about timing, which is crucial for coordinating their Nasdaq listing and meeting the regulatory requirements for their planned uplisting.
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