SEC Adopts Amendments to Form S-3 and Form F-3 to Expand Eligibility to Smaller Companies

January 28, 2008
Smaller companies will soon be allowed to benefit from the greater flexibility and efficiency in accessing the U.S. public securities markets afforded by Form S-3 and Form F-3 under the Securities Act of 1933. Expanded eligibility in the use of these forms creates new opportunities for smaller companies to facilitate capital formation and may serve as a viable alternative to other available capital-raising methods like private placements. This article discusses the recent amendments to Form S-3 and Form F-3, including the benefits afforded to smaller companies and the eligibility requirements to use the forms.