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Diagnostics Analysis
Survey Application
BDR Rating™ Diagnostics Survey Application for Operating Companies ONLY
Important Introduction
Our role is not merely to support the securing of substantial equity and debt capital from the U.S. public capital markets for your firm through SEC-registered, FINRA-member broker-dealers. More critically, it is to help ensure that, in doing so, your company achieves a structurally lower cost of capital. This requires more than transactional support—it demands advanced corporate and financial engineering focused on risk mitigation and long-term value preservation.
Capital markets do not reward mispricing. Securities that are not accurately structured and priced relative to market expectations prior to issuance often result in unintended consequences. Instruments that trade significantly above their issuance price shortly after listing may disproportionately dilute founding shareholders. Conversely, those that trade significantly below may erode investor confidence and expose both issuers and underwriters to reputational damage and potential civil litigation.
These are not abstract concerns. They are fundamental risks that must be proactively managed through disciplined structuring and a deep understanding of market behavior.
Our responsibility is to ensure that the securities created to access the public capital markets are fully aligned with both investor expectations and the issuer’s strategic objectives—delivering pricing integrity, market credibility, and long-term capital efficiency.
Without this level of rigor, the consequences can compromise everything leadership has built. This is precisely why we place such emphasis on precision in every diagnostic analysis conducted through our proprietary BDR Rating System™.
Accordingly, we request that you complete the enclosed Diagnostics Survey as thoroughly and accurately as possible. The insights you provide will enable us to evaluate your company’s current positioning, assess potential capital pathways, and offer informed, objective guidance grounded in institutional standards. A higher degree of accuracy in business information submission results in a more precise assessment of your company's readiness for capitalization. The duration to complete this task may vary based on the immediate availability and accessibility of your company’s data.
Please note that the ensuing Broker-Dealer Rating Readiness Report™ provides an initial evaluation but does not automatically include detailed recommendations for enhancing your company’s broker-dealer readiness. Comprehensive guidance is available through a tailored engagement with our Blue Chip Program™ for companies seeking to improve their readiness, should they engage our specialized assistance.
INSTRUCTION NOTICES
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Before beginning the survey, please ensure you have access to the following materials to complete the required information efficiently and accurately:
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Financial Statements (e.g., balance sheets, income statements, cash flow statements)
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Pro-Forma Financials
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Marketing Plans
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Other Relevant Collateral or Supporting Documents
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Having these materials readily available will help streamline the process and ensure that all necessary details are provided in a timely manner.
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PLEASE DO NOT CLOSE OR EXIT THIS FORM UNTIL YOU HAVE COMPLETED IT. Your information is not saved until you click the button on the last page.
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When answering financial questions about your business, exact dollar amounts are not (necessarily) required. However, please approximate with as much reasonable accuracy as possible to ensure a correct rating outcome for your company.
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Your BDR Rating™ results will be emailed to you within 3-7 business days after completion of the below form.
Please email support @commonwealthcapital.com for any questions or concerns.
DISCLAIMER & DISCLOSURES
All Commonwealth Capital, LLC (“Commonwealth”) Broker-Dealer Readiness Rating™, aka BDR Rating™, Broker Dealer Readiness Report™, and related reports are subject to certain limitations and disclaimers. Please read these limitations and disclaimers within our Terms and Conditions.
Legal Disclaimer
This report includes critical legal disclosures essential to Commonwealth's operations. This disclaimer is crafted to withstand scrutiny at the highest legal levels and provide comprehensive protection against liability.
BDR Rating™ Definitions and Methodology
The detailed BDR Rating™ definitions for each rating scale and category, including those related to broker-dealer engagement readiness, are available at Commonwealth Broker-Dealer Readiness Rating System™.
Information Reliability and Verification
Commonwealth relies on factual information received from issuers, underwriters, and other credible sources. A reasonable investigation of this information, in accordance with our rating methodology, is conducted, and reasonable verification from independent sources is obtained to the extent available. This investigation and verification scope varies based on jurisdictional practices, public information availability, and access to company-related information. Users of Commonwealth BDR Ratings™ and BDR Rating Reports™ should understand that even enhanced investigations and third-party verifications cannot guarantee the complete accuracy and comprehensiveness of the information relied upon. Ultimately, the accuracy of information remains the responsibility of the company.
Expert Opinions and Forward-Looking Statements
Commonwealth's ratings and reports depend on expert opinions, including those from independent auditors and legal professionals. Ratings and forecasts inherently involve forward-looking statements based on assumptions about future events, which cannot be verified as facts. Consequently, despite current fact verification, future events or conditions may impact ratings and forecasts.
Disclaimer of Warranties and Liability
The information provided in this report is "as is" without any warranty of any kind. Commonwealth does not warrant that the report or its contents will meet the requirements of any recipient. A BDR Rating™ is an opinion-based diagnostic analysis reflecting a company's broker-dealer readiness. This opinion is derived from established criteria and continually evaluated and updated methodologies. Therefore, ratings and reports are collective work products, not attributable to individuals or groups.
Limitations of Ratings and Reports
Ratings do not address loss risks other than investment risk unless explicitly stated. Commonwealth does not engage in the offer or sale of securities, and ratings are not recommendations to buy, sell, or hold securities. Ratings do not comment on security price adequacy, investor suitability, or tax implications. The assignment, publication, or dissemination of a rating by Commonwealth does not constitute consent to use its name as an expert in any registration statement.
Advisory and Regulatory Compliance
Commonwealth Capital, LLC and its affiliates do not provide tax, legal, accounting, or investment advice. Commonwealth Capital, LLC is not a licensed Broker-Dealer or a FINRA-licensed Registered Investment Advisor. This report is for informational purposes only and should not be relied upon for tax, legal, accounting, or investment advice. Consult your own advisors before engaging in any transaction. Commonwealth Capital, LLC is not a credit rating agency and is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO).