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Sagot :
SEC approved means the concern is approved to enter into the Stock Issuance Transaction
SEC:
In accounting, the term SEC is a government organization that sets rules and regulations regarding the issuance, marketing, and trading of securities.
Given,
Here we need to find what does the SEC approve means.
We know that SEC is an government federal agency and it the approval given by the SEC means the Company and TCI Holding shall seek approval to enter into the Stock Issuance Transaction with the Securities and Exchange Commission (SEC) and the Company and TCI Holding agree that they will not enter into the Stock Issuance Transaction unless and until SEC approval has been obtained.
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