Registration statement

A registration statement is submitted to the Securities and Exchange Commission (SEC) when a company wants to sell equity securities to the public. This extensive document summarizes the financial position of the entity, its business model, how it expects to use the proceeds from the sale, related party transactions, and other topics of interest to investors. The form typically used for a registration is the Form S-1, though a larger entity can file the shorter Form S-3 instead. The SEC must approve a filed registration statement before securities can be sold.