The SEC announced the expansion of the availability of confidential submission of draft registration statements for various new registrations, including initial registration of securities on Form 10; initial registration of securities on Form 20-F and Form 40-F for foreign private issuers and Canadian issuers, respectively; registration statements for follow-on offerings regardless of the time elapsed since the issuer completed its IPO; and registration statements for de-SPAC transactions. Companies will also be permitted to omit certain historical financial information and underwriter disclosures from their initial submissions, allowing the registration statement review process to start earlier.
Source: SEC Announces Expansion of Availability of Confidential Submissions for Issuers