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← Series 79: Underwriting & New Financing
Series 79 practice questionmediumSEC Registration Statements

What information must be included in Part I of a Form S-1 registration statement?

  1. AProspectus: business, risks, financials, MD&A, and use of proceeds✓ Correct answer
  2. BOnly the company's audited financial statements
  3. COnly the underwriting agreement and legal opinions
  4. DThe company's articles of incorporation and bylaws
Explanation

Why A — Prospectus: business, risks, financials, MD&A, and use of proceeds

Part I of Form S-1 is the prospectus itself, which must contain comprehensive disclosure including the company's business description, risk factors, use of proceeds, capitalization, dilution, management discussion and analysis (MD&A), description of business and properties, management biographies, and audited financial statements. Part II contains additional information such as expenses of issuance, indemnification, exhibits, and undertakings that are filed with the SEC but not distributed to investors.

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