Updating SEC Form S-1: Amendments and Revisions
1. Filing of Form S-1/A: The form is modified when there are revisions to important information or when the overall state of the market delays the offering. In this instance, Form S-1/A must be filed by the issuer.
2. Must Reveal Key Information: These registration forms must be completed in order to reveal material facts upon the registration of a company’s shares under the Shares Exchange Act of 1933, also known as the Truth in Securities Law.
3.Fulfills SEC Guidelines: This aids in the SEC’s accomplishment of the Act’s goals, which include forbidding fraud in the sale of the offered securities and requiring investors to obtain substantial information about the securities offered.
4. Applicability of Form S-3: Form S-3 is another form intended for businesses without the same continuous reporting obligations.