MLchartDataset catalogue

Going dark

Term · Law · MLC-T-LAW-002320

The process by which a public company ceases to file reports with the Securities and Exchange Commission (SEC), effectively becoming a private entity. A company can go dark by delisting its stock from a national exchange and reducing its number of shareholders below a specific threshold. This action terminates the reporting obligations under Section 12(g) and Section 15(d) of the Securities Exchange Act of 1934.

Table 1. Record
IdentifierMLC-T-LAW-002320
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002320",
  "term": "Going dark",
  "field": "Law",
  "definition": "The process by which a public company ceases to file reports with the Securities and Exchange Commission (SEC), effectively becoming a private entity. A company can go dark by delisting its stock from a national exchange and reducing its number of shareholders below a specific threshold. This action terminates the reporting obligations under Section 12(g) and Section 15(d) of the Securities Exchange Act of 1934.",
  "url": "https://mlchart.com/terminology/law/going-dark/"
}

Record 2,229 of 5,439 in Law terminology (MLC-0107). Request the full dataset.