During the waiting period between the time a company files the registration statement for the issue of new securities and the time the SEC approves it, a company cannot:

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During the waiting period, a company is restricted from releasing information that could be seen as promoting the sale of its securities to avoid influencing the market or investors' decisions improperly. This period is meant for the SEC to review the registration statement to ensure it meets all regulatory requirements.

During the Waiting Period Between the Time a Company Files