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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

First Tidal Acquisition Corp
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Post by ledrogon Feb 14, 2014 10:12am
123 Views
Post# 22209663

Why was the PR not for 'DISSEMINATION IN THE UNITED STATES'?

Why was the PR not for 'DISSEMINATION IN THE UNITED STATES'?Curious and ultimately pointless in our interconnected world....like American eyes didn't see it.

Of course securities laws are different in the US than in Canada...and at the end the PR explicitly states: 

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation.

I know that after all the fraud and shady practices of the dot bomb era the US brought in new legislation typically referred to as Sab-Ox for the legislators who wrote it, Sabornes Oxley (not sure if I'm spelling their names right).....anyway if the PR had been for dissemination in the US, would they have to change it to make it compliant with American securities regs?
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