- Glossary
- Form S-1
Form S-1
The initial registration form for new securities, or SEC Form S-1, is what the SEC requires of public corporations with U.S. bases. Before shares of a securities that satisfies the requirements can be listed on a national exchange like the New York Stock Exchange, an S-1 filing is required. Typically, businesses prepare for their initial public offering by filing SEC Form S-1 (IPO).
What Information Does SEC Form S-1 Require?
Companies must submit essential fundamental business information on the SEC Form S-1.
It includes:
- The state or jurisdiction in which the registrant is formed or organized
- The precise name of the registrant as set forth in its charter
- Employer Identification Number for R.S.
- Details about the major executive offices of the registrant, including their address and phone number
- Day when the public sale of the proposed item is expected to start, about
In order for potential investors to decide whether to invest in the company, the SEC Form S-1 also mandates that registrants deliver an investment prospectus.
The prospectus requires a variety of specific information, including:
- Detailed details
- Risk elements
- Earnings to fixed charges ratio
- Choosing an offered price
- A distribution strategy
- Interests of the specified specialists and counsel
- Description of the securities to be registered
- Description of the business, the property, the litigation, and chosen financial data
- Executives and board members
- Quantitative and qualitative market risk disclosures
The SEC Form S-1 outlines certain information that is not mandatory in the investment prospectus.
They include:
- Directors and officers must be compensated.
- recent sales of securities that weren't registered
- Additional costs associated with issuance and distribution
How is SEC Form S-1 Completed?
Although being only eight pages long, SEC Form S-1 requires data from numerous sources and makes use of numerous rules and regulations. The financial statements needed for the submission must be certified by unaffiliated accountants. The OMB Office estimates that completing the form will take an average of about 970 hours, which is a significant amount of time and effort.
The SEC's EDGAR filing system accepts completed S-1 forms from 10:00 a.m. to 5:00 p.m. every business day. Online, you can get a live feed of recent SEC Form S-1 filings.
Registration Fee
**Each firm has a different registration fee, which is determined by a number of variables, including: **
- Amount of securities that must be registered
- The suggested maximum unit price offered
- The maximum suggested aggregate offering price
- Addition of Securities Registered
A business that has already submitted SEC Form S-1 is not required to do so again if it wants to register further securities at a later time.
**Instead, the registrant may submit a distinct registration statement that is limited to: **
- The opposite page
- A declaration that the preceding registration statement's contents are referenced
- Necessary views and authorizations
- The page with signatures
- Any price-related information that was missing from the prior registration statement
Conclusion
- For American businesses to be listed on a national exchange, they must register with the SEC using SEC Form S-1.
- It essentially acts as a company's registration statement, which is typically submitted in connection with an IPO.
- The issuer must file SEC Form S-1/A for any modifications or adjustments that need to be made.
- Any substantial misrepresentations or omissions are the issuer's responsibility.