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Private Placement Memorandum
Practical Law Glossary Item 7-383-2213 (Approx. 3 pages)
Glossary
Private Placement Memorandum
Also known as an offering memorandum, OM, offering circular, OC, and PPM. A document, typically used in an unregistered offering of securities, that provides investors with certain information about:
- The issuer of the securities.
- Risks associated with the issuer and the offered securities.
- The issuer's business.
- The securities being offered, including any restrictions on subsequent transfers.
Both reporting companies and non-reporting companies may prepare a PPM in connection with an unregistered offering of securities.
For more information, see these Practice Notes: