One mandated component of taking advantage of these registration exemptions is that the startup needs to file a Form D with the SEC. The Form D is free to file and relatively simple, requiring basic information such as the amount of capital fundraised and who the investors were in the round. It’s required to be filed 15 days after the first sale of securities, and, conveniently, the form preempts most state securities laws so that startups don’t have to file in state jurisdictions.
2026年2月23日14时45分，牛被众人抬上沟壑的一面山坡。南方周末记者郑丹摄
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Фото: Максим Богодвид / РИА Новости