Is Liberty Tax, Inc., the registrant for Ledgers, an emerging growth company?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ X ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers FDD, Liberty Tax, Inc., the registrant, identifies as an emerging growth company. This is indicated by a check mark in the provided documentation.
As an emerging growth company, Liberty Tax, Inc. may have certain exemptions from regulatory requirements, particularly concerning financial reporting and auditing standards. This status is defined under Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934.
The FDD also includes a section where Liberty Tax, Inc. indicates whether it has elected not to use the extended transition period for complying with new or revised financial accounting standards, pursuant to Section 13(a) of the Exchange Act. In this case, the document indicates that Liberty Tax, Inc. has not elected to use this extended transition period.