this post was submitted on 01 Jun 2026
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[โ€“] ohulancutash@feddit.uk 7 points 17 hours ago* (last edited 17 hours ago) (1 children)

First the SEC and other authorities need to vet the offering. By filing confidentiality this initial stage is kept from competitors.

It means that instead of filing publicly 90-120 days ahead, they can hold off public prospectus to 21 days ahead of launch.

[โ€“] wewbull@feddit.uk 5 points 6 hours ago

Well that's shady as fuck.