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From SPYR Hires Auditor to Prepare for SEC Registration Filing

How could SPYR's registration statement filing affect the New York Stock Exchange?

Possible What happens if… A possibility worth considering, not a forecast.

SPYR's filing process may pave the way for a potential listing on the New York Stock Exchange. SPYR is undertaking a rigorous financial audit by FM Financial Services to prepare for a public listing. The audit covers the full-year financial statements of both SPYR and Ledjr for 2024 and 2025, providing the necessary PCAOB audited statements. These audited statements will be included in a registration statement filed with the Securities and Exchange Commission. This filing is described as the first step toward SEC reporting status and an eventual application to list on a national securities exchange, such as the New York Stock Exchange.

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How it reaches New York Stock Exchange

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The facts so far

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  • FM Financial Services will audit the full-year financial statements of both SPYR and Ledjr for 2024 and 2025.manilatimes.net
  • The audit provides the two years of PCAOB audited financial statements required for an SEC registration statement.manilatimes.net
  • SPYR plans to file the registration statement with the SEC on October 1, 2026.manilatimes.net
  • The filing is the first step toward SEC reporting status and an eventual application to list on a national securities exchange.manilatimes.net

Why it matters

For SPYR, successfully completing this audit and filing process is critical to its growth strategy. The company stated that the audit was the 'gate to everything that follows,' indicating that achieving SEC reporting status and listing on a national exchange is essential for its future operations and attracting capital.

For the New York Stock Exchange, the successful completion of this process represents a potential new listing. Listing a company like SPYR would increase the exchange's activity and market presence, reflecting the ongoing flow of companies seeking to transition from OTC markets to major national exchanges.

What we don't know yet

  • Will SPYR successfully meet the listing standards required by the New York Stock Exchange?
  • What is the timeline for the eventual application to list on a national securities exchange?

What would change this answer

The SEC declares the registration statement effective.This would confirm SPYR's compliance and significantly increase the likelihood of a listing application.
SPYR fails to complete the audits within the contemplated time frame.The entire timeline for SEC reporting status and listing would be delayed or potentially derailed.

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Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.