National Automation Services, Inc. announced earlier today that it has filed a registration statement on Form S-1 with the SEC with regards to the registration of stock held by NAS’ shareholders issued by the company to date.
As required, the Form S-1 includes a business summary; financial summary; risk factors; management description and compensation; any material legal agreements or proceedings; and management’s discussion and an analysis of financial condition and results of operations.
NAS registered 18,500,000 shares of stock to draw on its previously announced $5,000,000 dollar equity line of credit with Ascendiant Capital Group, LLC, a private equity firm, and its affiliate, Ascendiant Equity Partners, LLC. According to the press release, the registration statement relating to these securities has been filed with the SEC, but has not yet become effective. The company is currently waiting to receive the S-1 effective status certificate.
Management encourages investors to read the S-1 filing as well as all other documents filed with the SEC. Such documents can be obtained on the SEC website at http://www.sec.gov/ or on the company’s website at http://www.NASAutomation.com/.
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