Coordinated Equity Review 

Coordinated Equity Review (CER) is a new program available to issuers seeking to sell equity securities.  It provides a uniform state registration procedure designed to coordinate the blue sky registration process in all of the states in which the issuer seeks to sell. In addition to creating uniformity in the review, the program is designed to expedite the registration process, saving the issuer time and money.  Of the 43 state securities agencies that register these types of offerings, 38 are currently participating. CER is designed to target stock offerings on the NASDAQ Small Cap, over-the-counter, and other small exchanges.  The size of these offerings range from $5 million to $20 million dollars.

Contents of this package includes:

General Information Regarding Coordinated Equity Review
 

Commonly Asked Questions and Answers

Application for Coordinated Equity Review (Form CER-1) (revised 01/99)

Checklist for Coordinated Equity Review

Coordinated Equity Review Program Protocol

Summary of Statements of Policy

The following NASAA Statements of Policy:

Corporate Securities Definitions (4/27/97)

Impoundment of Proceeds (4/27/97)

Loans and Other Material Affiliated Transactions (11/18/97)

Options and Warrants (11/18/97)

Preferred Stock (4/27/97)

Promoter’s Equity Investment (4/27/97)

Promotional Shares (11/18/97)

Specificity in Use of Proceeds (4/27/97)

Underwriting Expenses and Underwriter’s Warrants (4/27/97)

Unsound Financial Condition (4/26/97)

Voting Rights (10/24/91)