how to file sec form s 1
companies can use the sec s online edgar the electronic data gathering analysis and retrieval system to submit forms including form s 1 that are required by the sec individuals or companies have to first fill out a form id an electronic application that is used to apply for a cik central index key and to get access codes in order to file on edgar 6 edgar filers quick reference guides provide guidance on all the required steps as well as technical specifications and answers to faqs 7form s 1 has two parts part i which is also called the prospectus is a legal document that requires information on the following business operations the use of proceeds total proceeds the price per share a description of management financial condition the percentage of the business being sold by individual holders and information on the underwriters 8part ii is not legally required in the prospectus this part includes recent sales of unregistered securities exhibits and financial statement schedules 9the issuer will have liability if there are material misrepresentations or omissions amending sec form s 1the form is sometimes amended as material information changes or general market conditions cause a delay in the offering in this case the issuer needs to file form s 1 a 4 the securities exchange act of 1933 often referred to as the truth in securities law requires that these registration forms be filed to disclose important information upon registration of a company s securities this helps the sec achieve the act s objectives requiring investors to receive significant information regarding securities offered and prohibit fraud in the sale of the offered securities an abbreviated registration form is the s 3 which is for companies that don t have the same ongoing reporting requirements 10investors look to the information a company supplies in its sec form s 1 filing to make a decision about whether or not they want to invest in its stock during an initial public offering example of an sec form s 1 filingeventbrite inc a global ticketing and event tech platform completed its ipo in september 2018 pricing 10 million shares at 23 11 there was an initial s 1 form filed in august followed by five s 1 a filings 12 the initial filing included a proposed maximum dollar amount the company intended on raising the underwriters its strategies for growth and an explanation of the dual classes of stock it also described eventbrite s business and historical financial information 