| name | prospectus |
| title | Securities Prospectus |
| description | Drafts SEC-compliant prospectuses for U.S. securities offerings (IPOs, follow-ons, private placements). Structures cover page, risk factors, use of proceeds, business description, MD&A, financials, and offering terms against uploaded company documents and EDGAR comparables. Use when preparing a Form S-1, S-11, offering circular, or any primary disclosure document for a public or private issuance. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/prospectus |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | capital-markets |
| language | en |
| tags | ["analysis","corporate","drafting","regulatory","research"] |
Securities Prospectus
Drafts a complete prospectus integrating uploaded company materials with EDGAR standards and applicable SEC disclosure rules.
Prerequisites
- Corporate formation docs — certificate of incorporation, bylaws, cap table
- Financial statements — audited annuals + unaudited interim (GAAP); projections or non-GAAP metrics
- Offering terms — term sheet, underwriting agreement, or draft pricing supplement
- Management profiles — bios, compensation schedules, director independence determinations
- Legal/regulatory file — pending litigation, regulatory orders, IP assignments, material contracts
- Business plan or investor deck — operations narrative and growth strategy
Quick Start
- Collect and review all prerequisite documents
- Identify offering type (S-1, S-11, offering circular) and any EGC or Reg A+ accommodations
- Draft sections in output order below, cross-referencing uploaded materials throughout
- Flag any gaps with
[INFORMATION NEEDED: ___] — never speculate
- Apply plain English rule (Rule 421(d)) to cover, summary, and risk factors
Output Structure
1. Cover Page
| Element | Requirement |
|---|
| Issuer name | Full legal name as registered |
| Securities offered | Type, quantity, par value |
| Offering price | Fixed or range; "subject to change" if preliminary |
| Proceeds to issuer | Net of underwriting discounts |
| SEC legends | Rule 424 / preliminary prospectus disclaimers |
| Risk warning | "See 'Risk Factors' beginning on page X" |
2. Prospectus Summary
- Company overview (3-5 sentences), core value proposition
- Offering snapshot: security type, aggregate amount, high-level use of proceeds
- Every claim cross-referenced to a detailed section — no stand-alone statements
3. Risk Factors
Order: (1) offering-specific (dilution, no established market, lock-up) → (2) business/operational (company-specific, no boilerplate) → (3) industry/regulatory (cite statutes) → (4) macro/market.
Each risk: named header → specific harm → magnitude where quantifiable. Avoid generic language flagged in SEC comment letters.
