A well-known seasoned investor has less flexibility in filing registration statements and using free-writing prospectuses than other issuers.

Well-Known Seasoned Investor

An individual or entity recognized by securities laws as having sufficient experience and financial sophistication to participate in certain types of investment opportunities.

Free-Writing Prospectuses

Documents utilized in the securities offering process to provide additional information beyond the formal prospectus, allowing issuers to communicate freely with potential investors.

Filing Registration Statements

The process of submitting documents required by regulatory bodies before securities can be legally sold to the public.