The prospectus condenses the longer registration statement provided by security issuers to the SEC.

Question

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The prospectus is a shortened version of the longer registration statement, which must be provided by security issuers to the SEC before offering their securities to the public. It contains key information about the company, its financials, management, risks, and other important details about the securities being offered. The prospectus is designed to provide investors with enough information to make an informed decision about whether to invest in the securities.

The Prospectus Condenses the Longer Registration Statement Provided by Security