DEFINITION of SEC Form SB-2
SEC Form SB-2 was a filing with the Securities and Exchange Commission (SEC) that was required for small businesses with revenues and public market float of less than $25 million. Public market float refers to the portion of a company's shares that are available for purchase by the public, rather than closely held by insiders or other entities.
BREAKING DOWN SEC Form SB-2
SEC Form SB-2 was used to register securities to be sold for cash. It was also known as the Registration Statement for Securities to be Sold to the Public by Certain Small Business Issuers, and it was filed under the Securities Exchange Act of 1933.
The Securities and Exchange Commission adopted a new system of disclosure rules for smaller companies filing periodic reports and registration statements with the SEC, and eliminated the need for SB forms. The effective date of these changes was February 4, 2008.