shelf registration

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Shelf registration

A procedure that allows firms to file one registration statement covering several issues of the same security. SEC Rule 415, adopted in the 1980s, allows a corporation to comply with registration requirements up to two years prior to a public offering of securities. With the registration "on the shelf," the corporation, by simply updating regularly filed annual, quarterly, and related reports to the SEC, can go to the market as conditions become favorable with a minimum of administrative preparation and expense.

Shelf Registration

A method the SEC uses to allow a publicly-traded company to register several new issues of stock and actually offer them at any time over a two-year period, subject to compliance with other appropriate regulations. These offerings are covered by a single prospectus, but may be offered to the public in different tranches. See also: Rule 415.

shelf registration

A simplified method of registering securities that permits corporations to file a relatively uncomplicated registration form with the SEC and, during the subsequent two years, issue the securities. Shelf registration is supposed to provide more flexibility for corporations when they are raising funds in the capital markets. Shelf registration is permitted by SEC Rule 415.
References in periodicals archive ?
Shelf registrations simply enable us to access financial markets faster when the time is right.
In Canada, where there is no current facility for filing an omnibus shelf registration statement covering a combination of both equity and debt, the company is completing one shelf prospectus for a maximum of 10 million common shares and a separate shelf prospectus for a maximum of US$125 million in debt.
In May 2006, HCC filed a universal shelf registration replacing its previously filed shelf registrations, which had $375 million of unused capacity.
Shelf registrations will give us flexibility and enable us to get to market faster when the time is right.
The majority were modifying their existing shelf registrations to comply with the regulation rather than creating a new shelf registration.
s (VEPCO) $760 million first and refunding mortgage bonds and $100 million preferred stock shelf registrations are rated `A+' and `A', respectively.
After they are declared effective by the SEC, these shelf registrations will enable PNM Resources and PNM to obtain up to $500 million each in new capital through the issue of additional stock, corporate debt or securities comprised of both debt and equity at unspecified future dates and on terms to be established.
s (VEPCO) $400 million first and refunding mortgage bonds and $100 million preferred stock shelf registrations are rated 'A+' and 'A', respectively.
There were 36 shelf registrations by biotech companies in 2001 - nearly half of them occurring in the fourth quarter.
When combined with the $15 million still available from a previously filed registration statement, this will bring the company's total outstanding shelf registrations to $750 million.
14, 1997 the Securities and Exchange Commission declared effective two shelf registrations permitting the issuance of up to $250,000,000 of securities.
The total available under the company's universal shelf registrations will be $300 million, after combining this filing with the remaining $150 million available under the company's existing shelf registration statement.