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Simple English definitions for legal terms

testing-the-waters

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A quick definition of testing-the-waters:

Testing-the-waters is when a company talks to certain big investors to see if they are interested in buying the company's stock before the company officially asks people to buy it. This is allowed by a rule called Securities Act Rule 163B, which was made by the Securities and Exchange Commission (SEC) in 2019. Before this rule, only certain types of companies could do this. Now, any company can do it as long as they only talk to certain big investors. This helps companies decide if they should sell their stock to the public and protects investors.

A more thorough explanation:

Definition: Testing-the-waters is when a company talks to certain investors to see if they are interested in buying the company's stock before the company officially files paperwork to sell the stock to the public. This is allowed by the Securities and Exchange Commission (SEC) under certain conditions.

Example: A company wants to sell stock to the public, but they are not sure if there will be enough interest. Before they officially file paperwork with the SEC, they talk to certain investors who might be interested in buying the stock. If the investors show enough interest, the company will file the paperwork and sell the stock to the public.

Explanation: Testing-the-waters allows companies to see if there is enough interest in their stock before they go through the expensive and time-consuming process of filing paperwork with the SEC. This can save the company a lot of money and time if there is not enough interest in the stock. However, companies can only talk to certain investors and must follow certain rules set by the SEC to protect investors.

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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