Form SB-1

Form SB-1

An SEC form used by small businesses to register offerings of up to $10 million of securities, provided the company has not registered over $10 million in securities offerings during the preceding 12 months.
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Small businesses now may use newly created Form SB-1 to register offerings up to $10 million during any continuous 12-month period.
Although some Regulation A disclosure is used, Form SB-1 offerings are not exempt transactions as defined under Regulation A but merely a means for companies to make public offerings of registered securities with fewer disclosure requirements.
The SEC refers to registrants using Form SB-1 as transitional small business issuers.
The new form SB-1 transitional issuer registration statement may be used for public offerings of up to $10 million in any continuous 12-month period.