On March 3, 2025, the Securities and Exchange Commission’s (the “SEC’s”) Division of Corporation Finance announced that it is expanding the accommodations available for issuers that submit draft registration statements for nonpublic review. The nonpublic review process permits issuers to submit a draft registration statement for confidential, nonpublic SEC review and comment before filing the registration statement publicly.
Source: Enhanced Accommodations for Issuers Submitting Draft Registration Statements