The Staff of the Division of Corporation Finance has published these Frequently Asked Questions to assist issuers that are not emerging growth companies that would like to avail themselves of the confidential submission process. The FAQs also clarify that the ability to "test the waters" is limited to EGCs.
See here: https://www.sec.gov/corpfin/voluntary-submission-draft-registration-statements-faqs
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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