Does EFD accept Form D notice filings that list multiple issuers?

Yes, issuers can file multi-issuer Forms D in EFD.  However, please note that while the SEC allows the filing of a single Form D with multiple issuers, some states have specific requirements for an offering with multiple issuers and may require the filing of additional Forms D and/or payment of additional filing fees.

The following states may require additional forms and fees:
 
  • Alabama
  • California - California requires all Form D notice filings listing multiple issuers to be filed outside of the EFD System. The state requires each Issuer selling in California to file its own Form D and pay a separate $300 filing fee. For more information, see https://docqnet.dbo.ca.gov/
  • Georgia
  • Illinois
  • Kentucky
  • Minnesota
  • Mississippi
  • Nevada
  • New Hampshire
  • New Mexico
  • North Dakota
  • Puerto Rico
  • South Dakota
  • Tennessee
  • Texas
  • U.S. Virgin Islands
  • Utah
  • Virginia
  • Wyoming
  • Washington, DC

Consistent with this guidance, you may wish to contact the regulator in any state you intend to make a multi-issuer filing in.