SCOR Offering
Description
This article is from the Investing Articles: Public Offerings: IPO and DPO series.
SCOR Offering
SCOR (Small Corporate Offering Registration) is a do-much-of-it-yourself securities registration document ("prospectus") in the form of a 50-question form designed so that knowledgeable business people, their attorneys and accountants can create the documents needed to sell state-registered securities to the general public--a direct public offering.
- Issuers can raise up to $1 million every twelve months
- Securities must be registered in states where they are sold
- Stock is not restricted and can be traded in secondary markets
- Issuer can use their regular attorney and accountant
- Uses 50-question form U-7 format
- Approximately one in four of approved SCORs raised at least their minimum subscription in1994.
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