secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0000950170-23-044275
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of South Carolina Corp. will voluntarily delist from NASDAQ to OTCQX; deregister with SEC
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- Board authorized delisting from NASDAQ Capital Market and deregistration on August 24, 2023.
- Last trading day on NASDAQ expected around Sept 14; OTCQX quoting under BKSC starts Sept 15.
- Company cites significant cost savings from reduced SEC reporting, audit, and legal expenses.
- Eligible because fewer than 1,200 shareholders of record; will continue audited financials and publish info via OTCQX and bank website.
- President Fleetwood S. Hassell states decision affirms commitment to shareholder value and expects no disruption in trading.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023044275/0000950170-23-044275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023044275/bksc-20230824.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-044275

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer