A shelf registration is the filing and registration with the Securities and Exchange Commission (SEC) for a security offering that is released to the public market incrementally over a period of time ( shelf offering ). How Does a Shelf Registration Work?
Can a prospectus be used for a shelf registration statement?
The prospectus (often as part of a registration statement) may be used to offer securities for up to several years after its publication. A shelf registration statement is a filing with the SEC to register a public offering, usually where there is no present intention to immediately sell all the securities being registered.
Can an issuer use a shelf registration statement for acquisitions?
An issuer can use a shelf registration statement for acquisitions. An issuer can use a shelf registration statement for one or more acquisitions, even if the targets are unknown at the time of filing. An issuer may also register securities for future issuance in connection with acquisitions on a delayed basis.
Can a S3 issuer use shelf registration?
Form S-3 issuers may use shelf registration to register securities that will be offered on an immediate, continuous or delayed basis. In July 2005 the SEC put "automatic registration" shelf filings in place.
