Form S-18

Form S-18

A form the SEC formerly used to register issues of securities with less value, that is, with a value of $7.5 million or less. This form required less information than other security registration forms, but after complaints from some start-ups that it was still too complex, the SEC abolished Form S-18 and replaced it with Form SB-2.

Form S-18

An SEC registration form for use by issuers of securities having a market value of $7.5 million or less.
References in periodicals archive ?
Before regulation S-B was adopted, registrants could make an initial public offering limited to $7.5 million using form S-18, which required two years of audited financial statements (other public offerings required three years).
To provide a complete, stand-alone regulatory package for small businesses, the small business financial statement requirements, modeled after the form S-18 financial statement requirements, are included in item 310 of regulation S-B (see 17 CFR 228.310).
Form S-18 is applicable to certain smaller offerings.
Accountants' responsibilities in connection with Form S-18 include:
The regional offices of the Division of Corporation Finance received and reviewed during 1989, 561 Form S-18 and 88 Regulation A filings, exclusive of reviews made of post-effective amendments.