
The SEC Staff now allows confidential draft submissions for all follow-on offerings, shelf offerings, and M&A, enhancing flexibility.
By Michele Anderson, Alex Cohen, Paul Dudek, and Joel Trotter
The SEC Staff has expanded the ability of issuers to make confidential submission of draft registration statements and clarified the procedures for making confidential submissions. This new policy takes effect immediately.
The move follows a February 24, 2025, speech by Securities and Exchange Commission Acting Chairman Mark T. Uyeda