ALL >> Investing---Finance >> View Article
Confidential Submission Of Draft Registration Statements
Total Articles: 62
The Jumpstart Our Business Startups Act (the “JOBS Act”) allows an “emerging growth company” to submit a draft of its registration statement and exhibits to the Securities and Exchange Commission (the “SEC”) on a Form S-1 going public confidential basis. This blog posts addresses the common questions we receive about confidential submission of registration statements.
Q. When does an emerging growth company have to file its registration statement if I want it to be a confidential submission?
A. The JOBS Act requires that emerging growth companies file the initial confidential submission of their registration statement and all amendments to the registration statement with the SEC within 21 days prior to the registration statement’s anticipated effectiveness or road shows. These prior confidential submissions should be included as exhibits to the company’s later publicly filed registration statement, if any.
Q. How long will my company’s registration statement remain confidential?
A. Registration statements submitted to the SEC on a confidential basis do not remain confidential if a company completes its Direct Public Offering, Initial Public Offering (“IPO”) or pre-IPO offering.
Q. Will SEC comment letters to a registration statement and company responses to the registration statement remain confidential?
A. The registration statement comments and responses will become publicly available after the completion of the securities offering but not earlier than 20 business days following the effective date of the registration statement.
Q. What are the benefits of confidential submission of a registration statement to the SEC?
A. The confidential submission of a registration statement allows a company to keep the registration statement confidential and out of the public domain until it decides whether it will proceed with its public offering. If a Brenda Hamilton company abandons its offering before its registration statement becomes effective, its submission remains confidential.
Q. If I submit my company’s registration statement on a confidential basis can the company still announce its registration statement or IPO?
A. SEC Rule 135 allows an issuer to announce limited information about the confidential submission of a registered securities offering submitted to the SEC.
Q. Does anything contained within a confidentially submitted registration statement remain confidential?
A. Limited information from the confidential submission of a registration statement can remain confidential. Rule 406 allows a company to keep portions of its registration statement confidential. Rule 406 requires the issuer to state the specific reasons why a confidential request is made and provide a detailed explanation of why, based on the related facts and circumstances, disclosure of the information is unnecessary to protect investors. The most common request for confidential submission of certain information in a registration statement is made for trade secrets, proprietary information, confidential commercial or financial information that would cause substantial competitive harm to the issuer if disclosed.
For further information about going public and SEC registration statements, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton Florida, or by email at firstname.lastname@example.org or visit http://www.securitieslawyer101.com
Investing / Finance Articles1. Becoming A Mortgage Net Branch Company
2. Email Scam On Non-profit And Volunteer Groups Recruitment
Author: lexie grey
3. Top Commodity Trading Signals For Comex Investors
Author: Jean Wong
4. Follow These 5 Precautions When You Send Money To India From The Usa
5. Buying Gold And Silver Bullion Coins: How To Do It Right
Author: Sara Watson
6. Intraday Nifty Future Tips & Nifty Tips Service
Author: Riyanshi Tanwar
7. How Dedicated Relationship Bank Can Serve You Well
Author: Jeff Usman
8. What Advantages You Can Obtain From Online Investment
Author: Jeff Usman
9. Get Recognition Even In The Crowd
Author: ponting brown
10. What Does The Future Hold For Forex Trading?
Author: Amir Milan
11. Why You Need Best Forex Brokers
Author: Joyce Shen
12. Top Logical And Reasonable Forex Trading Tips
Author: Santosh Sharma
13. Experts Of Financial Advisory Services Pen Down 10 Profitable Stock Picks For 2017
Author: Multi Management & Future Solutions
14. Are Loans Truly Responsive For People With Poor Credit?
Author: John Thomson
15. Axis Bank Waives 12 Emis On Home Loan For Up To 30 Lakhs