Company: AGCC
Filing Date: 2025-06-03
Form Type: DRS/A
Source: 0001213900-25-050599
Chunk: 12

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-06-03
Form: DRS/A
Chunk 12
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 trading activities and liability for insiders who profit from trades made in a short period of time; and •the rules under the Exchange Act requiring the filing with the SEC of quarterly reports on Form 10 -Qcontaining unaudited financial and other specified information, or current reports on Form 8 -K, upon the occurrence of specified significant events. We may take advantage of these exemptions until such time as we are no longer a foreign private issuer. We would cease to be a foreign private issuer at such time as more than 50% of our outstanding voting securities are held by U.S. residents and any of the following three circumstances applies: (i) the majority of our executive officers or directors are U.S. citizens or residents, (ii) more than 50% of our assets are located in the United States or (iii) our business is administered principally in the United States. In this prospectus, we have taken advantage of certain of the reduced reporting requirements as a result of being an emerging growth company and a foreign private issuer. Accordingly, the information contained herein may be different than the information you receive from other public companies in which you hold equity securities. IMPLICATIONS OF BEING A CONTROLLED COMPANY We are, and will continue to be, a “controlled company” within the meaning of the applicable rules of the Nasdaq because our Controlling Shareholder, through Ping Shiang Business Ltd will beneficially be able to exercise an aggregate of [*]% of the total voting power of our issued and outstanding Ordinary Shares as of the date of this prospectus, and upon closing of this offering will have (i)% of the total voting power of our then outstanding Ordinary Shares, assuming the underwriters do not exercise their over -allotmentoption, or (ii) % of the total voting power of our then outstanding Ordinary Shares, assuming the underwriters exercise their over -allotmentoption in full. See “Principal Shareholders” and “Risk Factors — We are a “controlled company” within the meaning of the Nasdaq listing rules, and may follow certain exemptions from certain corporate governance requirements that could adversely affect our public shareholders”. As a result, we will be deemed a “controlled company” for the purpose of the Nasdaq listing rules. 6 As a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements. If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Currently, we do not plan to