registration statement
- A comprehensive report filed with the Securities and Exchange Commission (SEC) by a company issuing shares to the general public across multiple states, requiring SEC approval before the release of the stock
- The filing of a registration statement is a prerequisite for a company before it can issue shares to the public.
- Before any stock release, the SEC needs to approve the company's registration statement.
- Only after the acceptance of their registration statement, was the firm able to introduce its public stock issuance.
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