What Act and Regulation does Byrider reference in relation to laws and regulations during closing?

According to Byrider's 2025 Franchise Disclosure Document, the company references the Securities Exchange Act of 1934 in relation to laws and regulations. Specifically, Byrider states that neither the company, its parent, its affiliate, nor any person in Item 2 of the Franchise Disclosure Document is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities Exchange Act of 1934, 15 U.S.C.A. Sections 78a et seq., suspending or expelling such persons from membership in that association or exchange.

This indicates that Byrider and its related parties are in compliance with regulations set forth by the Securities Exchange Act of 1934. For a potential franchisee, this suggests that Byrider maintains a level of regulatory compliance concerning securities matters, which can be a positive indicator of the company's operational integrity.

Prospective franchisees should be aware of the implications of this compliance and how it might affect their investment and operational practices. It is advisable to consult with legal and financial professionals to fully understand the impact of these regulations on their franchise agreement and business operations.