SEC Postpones Horizon Thread Registration Statement Deadline

SEC: ALJ Procedural Orders

Filed February 10th, 2026

Detected March 14th, 2026

Summary

The SEC has granted a 60-day postponement of deadlines in the administrative proceeding against Horizon Thread (PTY) Ltd. This allows the company additional time to cure deficiencies in its amended registration statement. The next status update is due April 13, 2026.

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What changed

The Securities and Exchange Commission (SEC) has issued a Second Postponement Order in Administrative Proceeding File No. 3-22554, concerning the registration statement of Horizon Thread (PTY) Ltd. Chief Administrative Law Judge Dean C. Metry granted the parties' joint motion to postpone all deadlines for an additional 60 days. This extension is to allow Respondent time to address remaining deficiencies in its amended registration statement, filed on February 9, 2026. Respondent has agreed not to remove its delaying amendment or seek acceleration of the registration statement's effectiveness.

Regulated entities, particularly those undergoing SEC registration statement reviews, should note the procedural flexibility granted in this case. Horizon Thread must file any further amendments at least one week before April 13, 2026, to allow for staff review. A joint status update is required by April 13, 2026, unless the deficiencies are cured earlier. Failure to cure deficiencies could lead to further enforcement actions or delays in the registration process.

What to do next

File joint status update by April 13, 2026, or earlier if deficiencies are cured.
If filing another amended registration statement, submit it at least one week before April 13, 2026.

Source document (simplified)

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Administrative Proceedings Rulings Release No. 6955 / February 10, 2026 Administrative Proceeding File No. 3-22554 In the Matter of the Registration Statement of Horizon Thread (PTY) Ltd Second Postponement Order The parties jointly move to postpone all deadlines in this proceeding for an additional 60 days to allow Respondent time to cure the remaining deficiencies in an amended registration statement it filed on February 9, 2026. As before, Respondent agrees not to remove the delaying amendment it filed on November 20, 2025, or seek to accelerate the effectiveness of the registration statement, as such action would give the Division of Enforcement grounds to request a new hearing date within 15 days. For good cause shown—and given the extensive deficiencies that Respondent acknowledges remain in the amended registration statement—I grant the motion and POSTPONE all deadlines for an additional 60 days. See 17 C.F.R. § 201.161(c)(1) (allowing a postponement of longer than 21 days when necessary and the reasons are set forth in an order). I ORDER the parties to file a joint status update on April 13, 2026, see 17 C.F.R. § 201.160(a), or earlier, if the registration statement’s deficiencies are corrected before then. I FURTHER ORDER that if Respondent intends to file another amended registration statement, it must do so at least one week before April 13 to provide time for Securities and Exchange Commission staff to review the filing. /s/ Dean C. Metry Chief Administrative Law Judge