Tego Cyber Confirms Emerging Growth Company Status in 8-K
Ticker: TGCB · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1815632
| Field | Detail |
|---|---|
| Company | Tego Cyber, INC. (TGCB) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $10,000, $20,000, $0.20, $1.00, $25 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, regulatory-filing, emerging-growth-company
TL;DR
**Tego Cyber is an emerging growth company, meaning less regulation but potentially higher risk/reward.**
AI Summary
Tego Cyber, Inc. filed an 8-K on January 4, 2024, reporting an event that occurred on January 2, 2024. The filing indicates that the company is an "emerging growth company," which means it qualifies for certain exemptions from reporting requirements. This matters to investors because it signals that Tego Cyber is a relatively young or small company, which can imply higher growth potential but also increased risk due to less stringent oversight and potentially less established operations.
Why It Matters
This filing confirms Tego Cyber's status as an emerging growth company, which impacts its regulatory obligations and provides insight into its stage of development for investors.
Risk Assessment
Risk Level: medium — Emerging growth companies often carry medium risk due to their early stage of development and reduced regulatory scrutiny compared to larger, more established firms.
Analyst Insight
A smart investor would recognize that Tego Cyber's emerging growth company status implies reduced regulatory disclosures, requiring more diligent independent research to assess its financial health and operational risks.
Key Players & Entities
- Tego Cyber, Inc. (company) — the registrant filing the 8-K
- January 4, 2024 (date) — date of the 8-K filing
- January 2, 2024 (date) — date of the earliest event reported in the 8-K
FAQ
What is the purpose of Tego Cyber, Inc.'s 8-K filing dated January 4, 2024?
The 8-K filing by Tego Cyber, Inc. on January 4, 2024, reports an event that occurred on January 2, 2024, and confirms its status as an 'emerging growth company' under the Securities Act of 1933 and the Securities Exchange Act of 1934.
What does it mean for Tego Cyber, Inc. to be an 'emerging growth company'?
Being an 'emerging growth company' means Tego Cyber, Inc. qualifies for certain exemptions from reporting requirements under federal securities laws, as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934.
What is the business address of Tego Cyber, Inc. as stated in the filing?
The business address of Tego Cyber, Inc. is 8565 South Eastern Avenue, Suite 150, Las Vegas, Nevada 89123.
What is the telephone number for Tego Cyber, Inc.?
The telephone number for Tego Cyber, Inc. is (855) 939-0100.
What is Tego Cyber, Inc.'s Central Index Key (CIK) and SEC File Number?
Tego Cyber, Inc.'s Central Index Key (CIK) is 0001815632 and its SEC File Number is 000-56370.
Filing Stats: 1,150 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-01-04 15:09:58
Key Financial Figures
- $10,000 — sation as follows: (i) a base salary of $10,000 per month (subject to an increase to $2
- $20,000 — 00 per month (subject to an increase to $20,000 per month upon reaching positive adjust
- $0.20 — "VWAP") subject to a threshold floor of $0.20 and ceiling of $1.00. The base equity c
- $1.00 — threshold floor of $0.20 and ceiling of $1.00. The base equity compensation shall inc
- $25 million — Stock Units Accumulative % Less than $25 million 0 0 % At least $25 million, but les
- $25 m — ess than $25 million 0 0 % At least $25 million, but less than $50 million 125,0
- $50 million — % At least $25 million, but less than $50 million 125,000 25 % At least $50 million,
- $50 m — n $50 million 125,000 25 % At least $50 million, but less than $75 million 125,0
- $75 million — % At least $50 million, but less than $75 million 125,000 50 % At least $75 million,
- $75 m — n $75 million 125,000 50 % At least $75 million, but less than $100 million 125,
- $100 million — % At least $75 million, but less than $100 million 125,000 75 % At least $100 million
- $0 — tock Units Accumulative % Negative or $0 0 0 % Greater than $0, but less tha
- $0, b — Negative or $0 0 0 % Greater than $0, but less than $100k 125,000 25 % At l
- $100k — 0 0 % Greater than $0, but less than $100k 125,000 25 % At least $100k, but le
- $100 — ss than $100k 125,000 25 % At least $100k, but less than $250k 125,000 50 %
Filing Documents
- tgcb_8k.htm (8-K) — 40KB
- tgcb_ex101.htm (EX-10.1) — 75KB
- 0001654954-24-000185.txt ( ) — 251KB
- tgcb-20240102.xsd (EX-101.SCH) — 6KB
- tgcb-20240102_lab.xml (EX-101.LAB) — 13KB
- tgcb-20240102_cal.xml (EX-101.CAL) — 1KB
- tgcb-20240102_pre.xml (EX-101.PRE) — 8KB
- tgcb-20240102_def.xml (EX-101.DEF) — 2KB
- tgcb_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Employment Agreement between Tego Cyber Inc. and Robert E. Mikkelsen dated January 2, 2024 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TEGO CYBER INC. Date: January 4, 2024 By: /s/ Robert E. Mikkelsen Robert E. Mikkelsen Chief Executive Officer 4