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scripts(otc): SEC EDGAR lead-pull + reincorporation-destination research

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scripts/otc_lead_pull.py: pulls company_tickers_exchange.json + per-issuer
submissions/CIK*.json from SEC EDGAR (10 req/sec, declared User-Agent), filters
to active US-domestic microcaps (drops foreign ADRs, accelerated/large filers
that keep counsel on retainer, and delinquent/dark shells), writes a CSV with
state of incorporation, business/mailing address, phone, SIC, filer size bucket,
last filing date. DE/NV prioritized.

docs 4c: where companies actually reincorporate TO -- Nevada #1 (281 filings),
Texas the fast riser (99 all-time, but 27 vs NV 33 since 2024), Florida modest
(23), Wyoming niche (8). Lead with 'leaving Delaware?' and let client pick
NV/TX/FL; same flat-fee conversion productizes across all three.
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docs/research-otc-markets-lead-source.md
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@ -92,6 +92,27 @@ So **~93-95% of the US-domestic OTC universe is sub-$75M-float "smaller reportin
**Counterpoint - don't they all use law firms?** Many *touch* a lawyer, but for microcaps that lawyer is usually a solo/small securities boutique billing hourly, and **routine state filings (RA, annual report, franchise tax, foreign qualification, even a straightforward TBOC Ch.10 conversion) are exactly the commoditized work microcaps want to NOT pay $400/hr for.** Our pitch isn't "replace your lawyer," it's "we do the filing legwork flat-fee so your counsel only does the parts that need a lawyer." That framing both respects the relationship and lowers their cost - and it's the same value prop that already works in our FCC/CMS verticals.
## 4c. Where are companies actually reincorporating TO? (Nevada #1, Texas the fast riser)
Don't lead with Texas alone - the data says **offer the move, name the best destination per client.** EDGAR full-text search, counting filings that mention reincorporating/redomesticating to each state:
| Destination state | All-time reincorporation-mention filings | "reincorporate in X" since 2024 |
|---|---|---|
| **Nevada** | **281** | **33** |
| **Texas** | **99** | **27** |
| Florida | 23 | 1 |
| Wyoming | 8 | - |
| (South Dakota, Tennessee) | 0 | 0 |
Read:
- **Nevada is the #1 actual destination** by a wide margin (the long-standing Delaware alternative) - no corporate/franchise income tax, strong statutory director-liability protection (NRS 78.138), no public-float-scaled fees.
- **Texas is the fast riser**: nearly tied with Nevada on *recent* (since-2024) filings (27 vs 33), driven by the Texas Business Court (2024), TXSE, and no corporate income tax. It's the timely headline but a smaller installed base.
- **Florida** is a real-but-modest third (no state income tax).
- **Wyoming** is niche (cheapest fees + privacy, but thin case law) - mostly tiny shells; small volume.
- South Dakota / Tennessee: not a thing for public companies.
**Implication for our offer + script:** lead the campaign with the broad hook ("leaving Delaware? we handle the conversion") and let the client pick **Nevada (cost/liability), Texas (court + TXSE + growth), or Florida.** In the lead CSV we prioritize **DE/NV-incorporated** issuers (DE = ripe to leave; NV = already made one move, open to optimizing / re-domesticating their HQ state), since those are where the conversation lands. A TBOC Ch.10-style conversion exists in NV (NRS Ch. 92A) and FL too, so the same flat-fee service productizes across all three destinations.
## 5. Which of OUR services fit this list
From `api/src/service-catalog.ts` (corporate vertical), these all fit OTC microcap issuers: