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Brief
The Securities and Exchange Commission ("Commission") has instituted public administrative proceedings against Spongetech Delivery Systems, Inc. for failing to file periodic reports since at least June 2023. This delinquency is a result of the company's repeated failure to meet its obligation to file timely periodic reports. The main purpose of this proceeding is to determine whether it is necessary and appropriate for the protection of investors to suspend or revoke Spongetech's registration.
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