Horizon Thread Ltd - Deadlines Postponed Pending Dismissal Motion
Summary
The SEC Administrative Law Judge granted a joint motion to postpone all deadlines in Administrative Proceeding File No. 3-22554 pending the Commission's consideration of a dismissal motion filed by the Division of Enforcement with consent of Respondent Horizon Thread (PTY) Ltd. The parties must file a joint status update on June 15, 2026, if the proceeding is not resolved before then.
What changed
The Administrative Law Judge granted the joint motion to postpone all deadlines in this SEC administrative proceeding. The Division of Enforcement, with consent of Respondent Horizon Thread (PTY) Ltd, had moved to dismiss the proceeding as moot given that Respondent filed to withdraw its registration statement. All deadlines remain postponed pending the Commission's consideration of the dismissal motion.
Affected parties (primarily the Respondent and the Division of Enforcement) should note that no substantive action is required until the Commission rules on the dismissal motion. The only near-term obligation is to file a joint status update by June 15, 2026, if the proceeding remains unresolved by that date. This is a routine procedural development that does not resolve the underlying matter.
What to do next
- Monitor for Commission decision on dismissal motion
- File joint status update by June 15, 2026 if proceeding not resolved
Archived snapshot
Apr 15, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Administrative Proceedings Rulings Release No. 6956 / April 14, 2026
Administrative Proceeding File No. 3-22554 In the Matter of the Registration
Third Postponement Statement of
Order Horizon Thread (PTY) Ltd
On April 7, 2026, the Division of Enforcement, with the consent of Respondent Horizon Thread, moved the Securities and Exchange Commission to dismiss this proceeding as moot given that Respondent filed a request to withdraw its registration statement. On April 13, the parties filed a joint motion before me to further postpone all deadlines given the motion pending with the Commission. The motion is GRANTED and all deadlines remain POSTPONED pending the Commission's consideration of the motion to dismiss. I ORDER the parties to file a joint status update on June 15, 2026, if the proceeding is not resolved before then. /s/ Dean C. Metry Chief Administrative Law Judge
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