I'm having difficulties understanding shelf offerings and SEC rules. It's quite complicated and english is not my first language.
If a company gets its S-3 filing approved and gets an effectivenes order from SEC, does it mean the company from that moment on can sell aditional newly-issued shares for market price at any time, up to a sum written in their S-3 form? For example, up to $1bln, WITHOUT having to make an announcement or filing a supplement to S-3 indicating that the company plans to issue and sell X amount of shares at X price beforehand ?
They can just dilute, sell, and then report sales post-factum?
Please, if you reply, kindly provide source.
Submitted July 10, 2021 at 05:35AM by VictorEden16 https://ift.tt/3k56uOE
