On March 3, 2025, the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “SEC”) announced significant enhancements to the ability of issuers to submit draft registration statements (“DRSs”) for non-public review with the Staff. Confidential DRS review benefits eligible companies by providing them the ability to work through the often lengthy registration process outside of the public eye.
Source: SEC Expands Eligibility For Confidential Draft Registration Statement Submissions