An obligatory disclaimer disavowing any intent to act as an offer to sell, or solicit an offer to buy, securities is known as a red herring.

Name: An obligatory disclaimer disavowing any intent to act as an offer to sell, or solicit an offer to buy, securities is known as a red herring.
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A red herring is a preliminary prospectus filed by a company with the SEC, which includes a disclaimer stating it is not an offer to sell or buy securities.

An Obligatory Disclaimer Disavowing Any Intent to Act as an Offer