Are any securities registered by Benihana pursuant to Section 12(g) of the Securities Exchange Act?

According to Benihana's 2024 Franchise Disclosure Document, the company has registered securities pursuant to Section 12(b) of the Securities Exchange Act, specifically common stock with a par value of $0.0001 per share, which is registered on The NASDAQ Stock Market LLC. However, Benihana has not registered any securities pursuant to Section 12(g) of the Act.

This indicates that while Benihana has some publicly traded securities, it has not met the requirements that would necessitate registration under Section 12(g). Section 12(g) generally applies to companies with a large number of shareholders and significant assets, while Section 12(b) relates to securities listed on national exchanges.

For a potential franchisee, this information is primarily relevant in understanding the regulatory and financial reporting context of Benihana. The fact that Benihana has securities registered under Section 12(b) means it is subject to certain SEC reporting requirements, which can provide a degree of transparency. The absence of securities registered under Section 12(g) is less significant but confirms that the company's shareholder base and asset levels do not trigger that particular registration requirement.