What Are SEC MEF Filings?
An SEC MEF filing concerns the registration of up to an additional 20% of securities for an offering underneath Rule 462(b) of the Securities Act of 1933. The filing is done by means of an issuer who is increasing the scale of its offering.
Key Takeaways:
- SEC MEF Filings are submitted to the SEC to increase the offering size of a registered securities issue.
- Generally, the ones forms allow an issuer to enroll up to an additional 20% of new securities.
- MEF forms can also be adapted from quite a few SEC filings depending on the type of issuer underneath SEC Rule 462(b).
Understanding SEC MEF Filings
SEC Rule 462(b) states {{that a}} registration statement and any post-effective amendments for up to an additional 20% of securities will change into very good upon filing with the Securities and Business Rate (SEC) if the registration is for the same class of securities already licensed for registration by means of the SEC.
The time frame SEC filling normally refers to formal bureaucracy submitted to the SEC. Broker-dealers, public companies, and a couple of insiders should make SEC filings endlessly. The ones filings provide important information about companies to consumers and finance pros. The Virtual Knowledge Gathering, Analysis and Retrieval (EDGAR) database makes many SEC filings available to most of the people online.
To make sure that the filing fees are calculated as it should be, along with any fees previously paid, an issuer should you will have to without a doubt include the entire Proposed Maximum Mixture Offering Price (PMAOP) from the prior registration statement at the side of the new PMAOP on the MEF filing.
Varieties of SEC MEF Filings
EC MEF filings may follow to the beneath SEC forms, among others, underneath Rule 462(b). The primary difference for an better registration form can also be the type of issuer (e.g. out of the country or house) and type of securities throughout the offering:
- Form S-1 is a basic form used when other kinds are neither authorized nor required. It isn’t used to enroll securities of out of the country governments or their political subdivisions.
- Form S-3 is for companies required to report for no less than 12 months that have adhered to the neatly timed filing must haves of Form S-2.
- Form S-11 is used to enroll securities of exact assets investment trusts (REITs) and a couple of other precise assets companies.
- Form F-1 is used by eligible out of the country private issuers.
- Form F-3 can be used by means of eligible out of the country private issuers that have reported for no less than 12 months underneath the Securities Business Act of 1934, and have a world public market go with the flow of more than $750 million.
