Series 22: Shelf Registrations And Shelf Offerings

Shelf Registrations and Shelf Offerings

A shelf registration is a registration statement filed for a large number of securities, which the issuer does not intend to sell immediately. Instead, the issuer puts the securities “on a shelf” and “takes them down” to sell when the market is favorable. A shelf registration may be used for either equity or debt securities. An offering made using a shelf registration is called a shelf offering, and the portion of a shelf offering being taken down off the shelf at a particular time is sometimes referred to as a takedown.

A shelf registration is an excepti