Red herring prospectus: companies may use preliminary prospectuses with incomplete price particulars subject to filing and disclosure obligations. A company may issue a red herring prospectus omitting complete particulars of quantum or price; it carries the same obligations as a prospectus, any variations must be highlighted, must be filed with the Registrar before opening the subscription list, and after closing the offer a final prospectus stating total capital raised, closing price and omitted particulars must be filed with the Registrar and the securities regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Red herring prospectus: companies may use preliminary prospectuses with incomplete price particulars subject to filing and disclosure obligations.
A company may issue a red herring prospectus omitting complete particulars of quantum or price; it carries the same obligations as a prospectus, any variations must be highlighted, must be filed with the Registrar before opening the subscription list, and after closing the offer a final prospectus stating total capital raised, closing price and omitted particulars must be filed with the Registrar and the securities regulator.
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