In This Story
Public Co. Management Corp. (PCMC0.00%) has submitted its 10-K filing for the fiscal year ended September 30, 2024.
The filing indicates that Public Co. Management Corp. is a shell company with no revenues and limited operations. The company is seeking to engage in a merger or acquisition with a private entity.
The company reported a net loss of $75,517 for the fiscal year ended September 30, 2024, compared to a net loss of $35,808 in the previous year. The increase in loss is attributed to higher general and administrative expenses.
As of September 30, 2024, the company had $100,035 in cash and $672,379 in total liabilities, resulting in a stockholders' deficit of $572,344.
The company is dependent on interim funding from related parties, including Repository Services LLC and Specialty Capital Lenders LLC, to meet its financial obligations.
Public Co. Management Corp. has identified itself as a shell company, and its common stock is classified as a 'penny stock.' The company acknowledges the challenges posed by the limited liquidity of its common stock.
The company has not identified any specific target business for a merger or acquisition but is open to opportunities in various industries and geographical locations.
The report discusses various risk factors, including the company's limited operating history, competition for business combination opportunities, and potential conflicts of interest involving management and related parties.
Public Co. Management Corp. has not engaged in any legal proceedings and has no contractual obligations as of the filing date.
The company's management, led by CEO Quynh Hoa T. Tran, continues to seek potential business opportunities while managing the company's limited resources.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Public Co. Management Corp. annual 10-K report dated January 13, 2025. To report an error, please email earnings@qz.com.