South Dakota Solicitation of Interest Form (Application for Testing Waters for Private Placements) is a document used by companies to gauge the interest of potential investors in a potential private placement offering. It is required by the South Dakota Division of Securities and the South Dakota Secretary of State before a private placement can be offered to investors. There are two main types of South Dakota Solicitation of Interest Forms: Form 2 and Form 3. Form 2 requires disclosure of certain information to potential investors, including the company’s business plan, financial statements, and risk factors associated with the investment. Form 3 is a shorter version of Form 2 and does not require the same level of disclosure.
South Dakota Solicitation of Interest Form (Application for Testing Waters for Private Placements) is a document used by companies to gauge the interest of potential investors in a potential private placement offering. It is required by the South Dakota Division of Securities and the South Dakota Secretary of State before a private placement can be offered to investors. There are two main types of South Dakota Solicitation of Interest Forms: Form 2 and Form 3. Form 2 requires disclosure of certain information to potential investors, including the company’s business plan, financial statements, and risk factors associated with the investment. Form 3 is a shorter version of Form 2 and does not require the same level of disclosure.