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SEC Proposes Amendments to Form S-3 and Form F-3
July 3, 2007 Full PDF
The SEC has proposed for public comment amendments to the eligibility requirements of registration statements on Form S-3 and Form F-3. These amendments are intended to allow additional companies to benefit from the more flexible and efficient access to the public securities markets afforded by Form S-3 and Form F-3 without compromising investor protection. Under the proposed amendments, companies could conduct primary securities offerings on Form S-3 and Form F-3 without regard to the size of their public float or the rating of debt they are offering, as long as they satisfy the other eligibility requirements of the respective form and do not sell more than the equivalent of 20 percent of their public float in primary offerings pursuant to the new form instructions over a period of 12 calendar months.