The SEC has instituted a Section 12(j) administrative proceeding against Wall Street Acquisitions Corp. after the company stopped filing required periodic reports following a Form 10-Q/A for the quarter ended June 30, 2022. Unlike several other delinquent issuers that continue to receive OTC quotations, the SEC specifically states that Wall Street Acquisitions' common stock is not publicly quoted or traded. Historical filings add another layer to the case: the company began as a development-stage vehicle designed to help another business become an SEC reporting company, later described itself as a mineral exploration business, and reported no revenue in its final active reporting period.
U.S. Securities and Exchange Commission (SEC)
Official Release: https://www.sec.gov/files/litigation/admin/2026/34-106451.pdf
NEWS:
The U.S. Securities and Exchange Commission instituted administrative proceedings against Wall Street Acquisitions Corp. on September 21, 2026, under Section 12(j) of the Securities Exchange Act. The SEC identifies the company, CIK No. 1698832, as a Delaware corporation located in San Antonio, Texas with securities registered pursuant to Section 12(g). According to the Commission, Wall Street Acquisitions has not filed any periodic report since submitting a Form 10-Q/A covering the period ended June 30, 2022. The SEC also makes an important distinction from many OTC delinquency cases: Wall Street Acquisitions' common stock is not currently publicly quoted or traded.
The company's older EDGAR record shows why the reporting breakdown deserves more context than simply identifying a missed filing. Wall Street Acquisitions was incorporated in Delaware in December 2016. Earlier filings described it as a development-stage company originally formed as a vehicle through which a private domestic or foreign company could potentially become an Exchange Act reporting company. Its 2021 annual report, however, described a different operating direction: mineral-property acquisition, exploration and development in the United States, with interests in properties in Nevada, New Mexico and Arizona. The company also cautioned that no determination had been made that its unproven mineral interests contained economically recoverable reserves.
The final available financial picture was thin. In its Form 10-Q covering the six months ended June 30, 2022, Wall Street Acquisitions reported zero revenue, zero gross profit and a net loss of approximately $5,286 for the six-month period. The filing listed 133,333,333 weighted-average common shares outstanding. After that reporting period, the public SEC record identified in the Commission's September 2026 order effectively went dark. The SEC alleges that the company repeatedly failed to meet its periodic reporting obligations and failed to heed a delinquency letter from the Division of Corporation Finance, or may not have received that letter because it failed to maintain a valid address with the Commission.
That combination makes this proceeding different from a conventional "stale OTC ticker" story. Here, there is no continuing public quotation identified by the SEC to create an appearance of current market activity. Instead, the central due-diligence issue is the historical transformation of the issuer itself: a company initially structured around the reporting-company model later presented mineral exploration assets, reported no operating revenue in its last available quarterly period, and then ceased filing periodic reports. Section 12(j) allows the Commission, after the administrative process, to suspend or revoke a security's registration when an issuer fails to comply with Exchange Act requirements. The September 21 order begins that process and does not itself constitute a final revocation.
KEY POINTS:
- The SEC instituted proceedings against Wall Street Acquisitions Corp. on September 21, 2026.
- The matter is Exchange Act Release No. 106451 and Administrative Proceeding File No. 3-22741.
- Wall Street Acquisitions has CIK No. 1698832 and is incorporated in Delaware.
- The SEC says the company has filed no periodic reports since a Form 10-Q/A covering June 30, 2022.
- Unlike Tombstone Exploration and Zerify, the SEC states that Wall Street Acquisitions' common stock is not publicly quoted or traded.
- Historical filings show that the company was initially formed as a development-stage reporting-company vehicle before later describing itself as a mineral exploration business.
- Its 2021 filing identified mineral-property interests in Nevada, New Mexico and Arizona while stating that economically recoverable reserves had not been established.
- The six months ended June 30, 2022 showed zero revenue and an approximately $5,286 net loss.
- The SEC alleges repeated failure to meet periodic reporting requirements and a failure to respond to a delinquency letter, or a possible failure to receive it because a valid address was not maintained.
- The Section 12(j) proceeding could ultimately lead to suspension or revocation of the securities registration, but the September 21 order is an institution of proceedings rather than a final revocation.