What can occur during the post-effective period of a registration statement?

During the post-effective period of a registration statement, companies are allowed to accept offers and complete sales of securities. This is a crucial phase that follows the effectiveness of the registration statement with the SEC, indicating that the securities can now be sold to the public. The registration statement outlines the details of the securities offered and ensures that investors have all the necessary information before making a decision.

This period is essential for the company to reach investors and finalize transactions, marking the actual activity of selling the shares. It is an important time when the selling process can occur, often accompanied by marketing efforts to promote the securities to potential buyers.

Other actions, such as filing documents with the SEC, making public disclosures, or revising financial disclosures, are typically subject to different regulatory frameworks or timelines. These activities are commonly governed by the requirements associated with pre-effective periods or ongoing reporting obligations rather than the post-effective phase where sales can actively take place.