A red herring prospectus is issued before the sale is actually consummated.

Name: A red herring prospectus is issued before the sale is actually consummated.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Prior to the final prospectus being filed with the SEC, the company must issue a red herring prospectus. The purpose of the red herring prospectus is to give potential investors as much information as possible before the sale is actually consummated.

A Red Herring Prospectus Is Issued Before the Sale Is