Katelynn's Report

Katelynn's Report

(US Market)


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Form DRS

What is it: Form DRS is draft registration statement filed by certain companies classified as emerging growth companies (EGC) for non-public review. Form DRS enables EGC to go through a substantial portion of the SEC review process without immediately disclose changes made in response to SEC comments. If a company determined to go public, Form S-1 or Form F-1 can be filed subsequently after releasing the DRS submissions.

Filing Time:

Related Form(s):
Form DRSLTR: Correspondence letter between a filer and the SEC related to concerns in a draft registration statement.

Tips: Form DRS was effective on 2012. About 300~400 Form DRS are filed each year by 250~360 different filers (2013~2014 statistics).