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Simple English definitions for legal terms

red-herring prospectus

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A quick definition of red-herring prospectus:

A prospectus is a document that tells people about a company and its business. It is given to people who might want to buy stock in the company. The Securities and Exchange Commission (SEC) requires companies to provide a prospectus before selling stock. A red-herring prospectus is a preliminary prospectus that has not been approved by the SEC yet. It has a notice in red letters that says the information is not complete or final. This type of prospectus cannot be used to sell securities until it is approved by the SEC.

A more thorough explanation:

A red-herring prospectus is a type of preliminary prospectus that a company files with the Securities and Exchange Commission (SEC) before offering its securities for sale. It is called a "red herring" because it contains a disclaimer in red ink stating that the information in the document is not complete or final.

The red-herring prospectus is used to gauge investor interest in the securities offering and to provide potential investors with information about the company and the securities being offered. It is also used to comply with SEC regulations that require companies to provide a prospectus before offering to sell stock in the corporation.

For example, if a company wants to go public and offer its shares for sale to the public, it must file a registration statement with the SEC. As part of the registration process, the company must also file a red-herring prospectus that contains information about the company, its business, and the securities being offered.

The red-herring prospectus is not a final prospectus and does not contain the final offering price or the number of shares being offered. Once the SEC approves the registration statement, the company can then file a final prospectus that contains all the necessary information about the securities offering.

redemptio operis | redhibere

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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