Cybin secures financing of up to $500 million

Companies seeking to issue securities in the United States have two primary options. They can either register their offering with the Securities and Exchange Commission or file a prospectus supplement under General Instruction II.L of Form F-10. These options provide companies with flexibility in how they structure their securities offerings and comply with U.S. securities laws.

Registering an offering with the Securities and Exchange Commission (SEC) is a common approach for companies looking to raise capital in the U.S. through the public markets. This process involves submitting detailed financial and business information to the SEC for review. Once the registration statement is declared effective, the company can begin offering its securities to the public.

On the other hand, companies can choose to file a prospectus supplement under General Instruction II.L of Form F-10. This option allows companies to offer securities in the U.S. without going through the full registration process with the SEC. Instead, companies can rely on the exemption provided in General Instruction II.L to quickly and efficiently offer securities to investors.

The decision to register an offering with the SEC or file a prospectus supplement under General Instruction II.L of Form F-10 depends on a variety of factors, including the company’s financing needs, the type of securities being offered, and the regulatory requirements that must be met. Companies should carefully consider these factors before choosing the best approach for their specific situation.

One advantage of registering an offering with the SEC is that it provides companies with greater flexibility in structuring their securities offerings. Registered offerings can include a wide range of securities, such as common stock, preferred stock, debt securities, and warrants. This flexibility allows companies to tailor their offerings to meet the needs of different types of investors.

Alternatively, filing a prospectus supplement under General Instruction II.L of Form F-10 can be a faster and more cost-effective way for companies to raise capital in the U.S. This option allows companies to offer securities to investors without going through the lengthy and expensive SEC registration process. For companies looking to quickly access the U.S. capital markets, filing a prospectus supplement may be the most efficient option.

In conclusion, companies seeking to issue securities in the U.S. have two primary options: registering an offering with the SEC or filing a prospectus supplement under General Instruction II.L of Form F-10. Each option has its own advantages and considerations, and companies should carefully evaluate their financing needs and regulatory requirements before choosing the best approach for their specific situation.