On March 3, 2025, the Staff of the SEC Division of Corporate Finance announced an expansion of the accommodations that allow issuers to confidentially submit draft registration statements (DRSs) for nonpublic review. This is a welcome change that will allow an expanded group of issuers to proceed with a potential offering on a confidential basis—providing critical optionality especially in volatile and uncertain market environments.
Source: SEC Expands Confidential Registration Statement Submission Process