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OTCQX®U.S. and OTCQB®Disclosure Guidelines Federal securities laws, such as Rules 10b-5 and 15c2-11 of the Securities Exchange Act of 1934(“Exchange Act”) and Rule 144 of the Securities Act of 1933 (“Securities Act”), and state Blue Skylaws, require issuers to provide adequate current public information. With a view to encouragingcompliance with these laws, OTC Markets Group has created these OTCQX U.S. and OTCQB®Disclosure Guidelines (“Guidelines”). These Guidelines set forth the disclosure obligations that makeup the “Alternative Reporting Standard” for OTCQX U.S. and OTCQB traded companies.1TheseGuidelines have been designed to encompass the “Catch All” information required in Rule 15c2-11,2howeverthey have not been reviewed by the U.S. Securities and Exchange Commission or any state securities regulator. These Guidelines may be amended from time to time, in the sole and absolute discretion of OTCMarkets Group, with or without notice. General Considerations An issuer preparing a disclosure document under the Alternative Reporting Standard should considerthe purpose of adequate disclosure. Current and potential investors in the issuer’s securities shouldbe provided with all “material” informationthe information available to the issuer necessary for theinvestor to make a sound investment decision. The disclosure should enable an investor of ordinaryintelligence and investment skills to understand the issuer’s business and prospects. The disclosure must therefore present the issuer’s business plan and include a full and clear picture ofthe issuer’s assets, facilities, properties, investments, management and other resources, as well as acomplete description of how they will be used to make profits. The issuer’s business plan shouldclearly describe the competition, regulatory environment and other risks to the issuer’s business, aswell as the issuer’s plans for confronting these challenges. It is also important for an investor to understand how the issuer raises capital and treats investors. Ata minimum, the issuer must describe the ways it has raised capital by issuing shares in the past – towhom and the amount of consideration involved. The investor should also be provided with marketinformation, including the past price history of any transactions in the issuer’s shares. Finally, the disclosure should use plain English.3This means using short sentences, avoiding legaland technical jargon and providing clear descriptions. Section One: Issuers’ Initial Disclosure Obligations Instructions relating to the preparation of initial disclosure: 1.Prepare a cover page using the format set forth on the following page.2.Prepare a disclosure document that responds to each item and sub-item of theGuidelines with information current as of the issuer’s most recent fiscal quarter or yearend. If a particular item is not applicable or unavailable, include the reason it is notapplicable or unavailable.3.Save the disclosure document(s) in PDF format and upload it viawww.OTCIQ.comusing the report name “Annual Report” or “Quarterly Report”, as applicable. If thedisclosure information and financial statements are posted separately, please denotethe report content using the subtitle field when uploading. Instructions relating to the preparation of initial disclosure for certain non-U.S. companies: Companies listed on a Qualified Foreign Exchange that are exempt from SEC registrationunder a rule other than Exchange Act Rule 12g3-2(b), may follow the Alternative ReportingStandard and provide the following information. 1.Publish the company’s English-language Annual and Interim Reports for the mostrecently completed fiscal year and any subsequent periods. Upload these documentsviawww.OTCIQ.comusing the report names “Annual Report,” “Interim Report”, or“Quarterly Report” as applicable. 2.Publish a Supplemental Report viawww.OTCIQ.comthat contains all of theinformation required under the “Catch All provision” of SEC Rule 15c2-11. Seewww.otcmarkets.com/files/Catchall.pdf. Aspen Group, Inc. Delaware4605 E. Elwood Street, Suite 300Phoenix, AZ 85040 (646) 448-5144www.aspu.comir@aspen.edu SIC Code: 8200 Annual ReportFor the period ending April 30, 2025 (the “Reporting Period”) The number of shares outstanding of our Common Stock is 28,389,531 as of April 30, 2025The number of shares outstanding of our Common Stock was 25,701,603 as of April 30, 2024 (end of previousreporting period) Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of1933 and Rule 12b-2 of the Exchange Act of 1934): Yes:No: X (Double-click and select “Default Value” to check) We previously were a shell company, therefore the exemption offered pursuant to Rule 144 is notavailable. Anyone who purchased securities directly or indirectly from us or any of our affiliatesin a transaction or chain of transactions not involving a public offering cannot sell suchsecurities in an open market transactio