Data room index: Diligence Disclosure Requirements
The Diligence Disclosure Requirements carries 10 published figures read from 3 sources' own pages; the 6 published figures given by disclosure head run from 9 to 24 month, read 11 November 2026.
- 15 to 8
- 18 to 11
- 211 to 14
- 214 to 18
- 218 to 21
- 121 to 24
Bands
| Bucket | Value |
|---|---|
| 5 to 8 | 1 figure |
| 8 to 11 | 1 figure |
| 11 to 14 | 2 figures |
| 14 to 18 | 2 figures |
| 18 to 21 | 2 figures |
| 21 to 24 | 1 figure |
7 of the 21 named sources read in full publish a figure; 14 publish none, read 11 November 2026.
By disclosure head
| Breakdown | Median | Range | Sources |
|---|---|---|---|
| disclosure head smaller reporting company definition (Regulation S-K Item 10(f)) | 250,000,000 USD (one figure) | one figure, no range | 1 |
| disclosure head related-party transactions, smaller reporting companies (Regulation S-K Item 404(d)) | 120,000 USD (one figure) | one figure, no range | 1 |
| disclosure head interests of named experts and counsel (Regulation S-K Item 509) | 50,000 USD (one figure) | one figure, no range | 1 |
| disclosure head instruments defining the rights of security holders exhibit (Regulation S-K Item 601(b)(4)) | 10 % (one figure) | one figure, no range | 1 |
| disclosure head material contracts exhibit (Regulation S-K Item 601(b)(10)) | 15 % (one figure) | one figure, no range | 1 |
| disclosure head past transactions with the subject company's officers, directors and affiliates (Regulation M-A Item 1005(a)) | 60,000 USD (one figure) | one figure, no range | 1 |
| disclosure head transactions in the subject securities (Regulation M-A Item 1008(b)) | 60 day (one figure) | one figure, no range | 1 |
| disclosure head static pool information age (Regulation AB Item 1105) | 135 day (one figure) | one figure, no range | 1 |
| disclosure head significant obligor financial statements (Regulation AB Item 1112(b)) | 20 % (one figure) | one figure, no range | 1 |
| disclosure head scope threshold below which no prospectus regime applies (Prospectus Regulation Article 1(3)) | 1,000 EUR (one figure) | one figure, no range | 1 |
| disclosure head wholesale denomination exemption (Prospectus Regulation Article 1(4)(c)) | 100,000 EUR (one figure) | one figure, no range | 1 |
| disclosure head Member State prospectus exemption ceiling (Prospectus Regulation Article 3(2)) | 8,000 EUR (one figure) | one figure, no range | 1 |
| disclosure head prospectus validity (Prospectus Regulation Article 12) | 12 month (one figure) | one figure, no range | 1 |
| disclosure head financial information in the simplified prospectus for secondary issuances (Prospectus Regulation Article 14) | 12 month (one figure) | one figure, no range | 1 |
| disclosure head EU Growth prospectus eligibility (Prospectus Regulation Article 15) | 260,000,000 EUR (one figure) | one figure, no range | 1 |
| disclosure head founders, where the issuer is under five years old (Delegated Regulation 2019/980 Annex 1 item 12.1) | 5 year (one figure) | one figure, no range | 1 |
| disclosure head directors' other directorships and partnerships (Delegated Regulation 2019/980 Annex 1 item 12.1) | 5 year (one figure) | one figure, no range | 1 |
| disclosure head directors' fraud convictions (Delegated Regulation 2019/980 Annex 1 item 12.1) | 5 year (one figure) | one figure, no range | 1 |
| disclosure head directors' bankruptcies and liquidations (Delegated Regulation 2019/980 Annex 1 item 12.1) | 5 year (one figure) | one figure, no range | 1 |
| disclosure head directors' disqualifications (Delegated Regulation 2019/980 Annex 1 item 12.1) | 5 year (one figure) | one figure, no range | 1 |
| disclosure head interim financial information (Delegated Regulation 2019/980 Annex 1 item 18.2.1) | 9 month (one figure) | one figure, no range | 1 |
| disclosure head share capital paid in non-cash assets (Delegated Regulation 2019/980 Annex 1 item 19.1) | 10 % (one figure) | one figure, no range | 1 |
| disclosure head material contracts (Delegated Regulation 2019/980 Annex 1 item 20.1) | 2 year (one figure) | one figure, no range | 1 |
| disclosure head material contracts, secondary issuance registration document (Delegated Regulation 2019/980 item 14.1) | 2 year (one figure) | one figure, no range | 1 |
| disclosure head historical financial information (Delegated Regulation 2019/980 item 11.1.1) | 24 month (one figure) | one figure, no range | 1 |
| disclosure head capitalisation and indebtedness statement (Delegated Regulation 2019/980 securities note) | 90 day (one figure) | one figure, no range | 1 |
| disclosure head selling security holders (Delegated Regulation 2019/980 item 7.1) | 3 year (one figure) | one figure, no range | 1 |
| disclosure head review of past performance for larger issuers (Delegated Regulation 2019/980) | 200,000,000 EUR (one figure) | one figure, no range | 1 |
| disclosure head age of financial information with unaudited interims (Delegated Regulation 2019/980) | 16 month (one figure) | one figure, no range | 1 |
| disclosure head age of financial information without interims (Delegated Regulation 2019/980) | 16 month (one figure) | one figure, no range | 1 |
| disclosure head major shareholders (Delegated Regulation 2019/980 item 6.1.1) | 5 % (one figure) | one figure, no range | 1 |
| disclosure head capitalisation and indebtedness (Item 2.2) | 90 day (one figure) | one figure, no range | 1 |
Every figure, with its source
One row per published figure: the figure as the source's own page publishes it, the page, and the day it was read. A figure that is not on a page we read is not on this one.
| Source | Figure | Breakdown | Read |
|---|---|---|---|
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 500,000,000 EUR | EU Growth prospectus eligibility (Prospectus Regulation Article 15) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 250,000,000 USD | smaller reporting company definition (Regulation S-K Item 10(f)) | 2026-11-11 |
| Commission Delegated Regulation (EU) 2019/980 | 200,000,000 EUR | review of past performance for larger issuers (Delegated Regulation 2019/980) | 2026-11-07 |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 20,000,000 EUR | EU Growth prospectus eligibility (Prospectus Regulation Article 15) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 120,000 USD | related-party transactions, smaller reporting companies (Regulation S-K Item 404(d)) | 2026-11-11 |
| 17 CFR Part 229 (Regulation S-K) | 120,000 USD | 2026-11-11 | |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 100,000 EUR | wholesale denomination exemption (Prospectus Regulation Article 1(4)(c)) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 60,000 USD | past transactions with the subject company's officers, directors and affiliates (Regulation M-A Item 1005(a)) | 2026-11-11 |
| 17 CFR Part 229 (Regulation S-K) | 50,000 USD | interests of named experts and counsel (Regulation S-K Item 509) | 2026-11-11 |
| 17 CFR Part 229 (Regulation S-K) | 25,000 USD | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 10,000 USD | 2026-11-11 | |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 8,000 EUR | Member State prospectus exemption ceiling (Prospectus Regulation Article 3(2)) | 2026-11-07 |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 1,000 EUR | scope threshold below which no prospectus regime applies (Prospectus Regulation Article 1(3)) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 135 day | static pool information age (Regulation AB Item 1105) | 2026-11-11 |
| 17 CFR Part 229 (Regulation S-K) | 120 day | 2026-11-11 | |
| OSC consolidated NI 41-101 (PDF) | 90 day | 2026-11-07 | |
| Commission Delegated Regulation (EU) 2019/980 | 90 day | capitalisation and indebtedness statement (Delegated Regulation 2019/980 securities note) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 90 day | capitalisation and indebtedness (Item 2.2) | 2026-11-07 |
| Regulation (EU) 2016/679 (GDPR) | 72 hour | 2026-11-06 | |
| 17 CFR Part 229 (Regulation S-K) | 60 day | transactions in the subject securities (Regulation M-A Item 1008(b)) | 2026-11-11 |
| Commission Delegated Regulation (EU) 2019/980 | 24 month | historical financial information (Delegated Regulation 2019/980 item 11.1.1) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 20 % | significant obligor financial statements (Regulation AB Item 1112(b)) | 2026-11-11 |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 18 month | 2026-11-07 | |
| Commission Delegated Regulation (EU) 2019/980 | 18 month | 2026-11-07 | |
| Commission Delegated Regulation (EU) 2019/980 | 16 month | age of financial information with unaudited interims (Delegated Regulation 2019/980) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 16 month | age of financial information without interims (Delegated Regulation 2019/980) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 15 % | material contracts exhibit (Regulation S-K Item 601(b)(10)) | 2026-11-11 |
| The Takeover Code (full text PDF) | 14 day | 2026-11-07 | |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 12 month | prospectus validity (Prospectus Regulation Article 12) | 2026-11-07 |
| Regulation (EU) 2017/1129 (Prospectus Regulation) | 12 month | financial information in the simplified prospectus for secondary issuances (Prospectus Regulation Article 14) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 10 % | instruments defining the rights of security holders exhibit (Regulation S-K Item 601(b)(4)) | 2026-11-11 |
| Commission Delegated Regulation (EU) 2019/980 | 10 % | share capital paid in non-cash assets (Delegated Regulation 2019/980 Annex 1 item 19.1) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 10 year | 2026-11-11 | |
| Commission Delegated Regulation (EU) 2019/980 | 9 month | interim financial information (Delegated Regulation 2019/980 Annex 1 item 18.2.1) | 2026-11-07 |
| Takeover Code Rule 21.3 (equality of information to competing offerors) | 7 day | 2026-11-07 | |
| 17 CFR Part 229 (Regulation S-K) | 6 month | 2026-11-11 | |
| Commission Delegated Regulation (EU) 2019/980 | 5 year | founders, where the issuer is under five years old (Delegated Regulation 2019/980 Annex 1 item 12.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 5 year | directors' other directorships and partnerships (Delegated Regulation 2019/980 Annex 1 item 12.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 5 year | directors' fraud convictions (Delegated Regulation 2019/980 Annex 1 item 12.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 5 year | directors' bankruptcies and liquidations (Delegated Regulation 2019/980 Annex 1 item 12.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 5 year | directors' disqualifications (Delegated Regulation 2019/980 Annex 1 item 12.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 5 % | major shareholders (Delegated Regulation 2019/980 item 6.1.1) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 5 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 5 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 5 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 5 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 5 year | 2026-11-11 | |
| Commission Delegated Regulation (EU) 2019/980 | 3 year | selling security holders (Delegated Regulation 2019/980 item 7.1) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 3 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 3 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 3 month | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 3 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 3 year | 2026-11-11 | |
| Commission Delegated Regulation (EU) 2019/980 | 2 year | material contracts (Delegated Regulation 2019/980 Annex 1 item 20.1) | 2026-11-07 |
| Commission Delegated Regulation (EU) 2019/980 | 2 year | material contracts, secondary issuance registration document (Delegated Regulation 2019/980 item 14.1) | 2026-11-07 |
| 17 CFR Part 229 (Regulation S-K) | 2 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 2 year | 2026-11-11 | |
| 17 CFR Part 229 (Regulation S-K) | 2 year | 2026-11-11 |
The sentence each figure was read from (58)
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
issuers, other than SMEs, whose securities are traded or are to be traded on an SME growth market, provided that those issuers had an average market capitalisation of less than EUR 500 000 000 on the basis of end-year quotes for the previous three calendar years;
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
As used in this part, the term smaller reporting company means an issuer that is not an investment company, an asset-backed issuer (as defined in § 229.1101), or a majority-owned subsidiary of a parent that is not a smaller reporting company and that: (i) Had a public float of less than $250 million; or
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
Moreover, issuers with market capitalisation above EUR 200 000 000 shall provide a fair and balanced review of the company’s past performance in this section.
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
issuers, other than those referred to in points (a) and (b), where the offer of securities to the public is of a total consideration in the Union that does not exceed EUR 20 000 000 calculated over a period of 12 months, and provided that such issuers have no securities traded on an MTF and have an average number of employees during the previous financial year of up to 499;
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(1) The information required by paragraph (a) of this Item for the period specified there for a transaction in which the amount involved exceeds the lesser of $120,000 or one percent of the average of the smaller reporting company's total assets at year end for the last two completed fiscal years;
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Describe any transaction, since the beginning of the registrant's last fiscal year, or any currently proposed transaction, in which the registrant was or is to be a participant and the amount involved exceeds $120,000, and in which any related person had or will have a direct or indirect material interest.
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
an offer of securities whose denomination per unit amounts to at least EUR 100 000;
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(2) Any executive officer, director or affiliate of the subject company that is a natural person if the aggregate value of the transaction or series of similar transactions with that person exceeds $60,000.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
The interest of an expert (other than an accountant) or counsel will not be deemed substantial and need not be disclosed if the interest, including the fair market value of all securities of the registrant owned, received and to be received, or subject to options, warrants or rights received or to be received by the expert or counsel does not exceed $50,000.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Identification of an item shall not be considered material if it does not exceed the greater of $25,000 or 10% of all items included in the specified category in question set forth in paragraph (n)(2)(ix) of this Item.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(A) Perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is less than $10,000;
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
the total consideration of each such offer in the Union is less than a monetary amount calculated over a period of 12 months which shall not exceed EUR 8 000 000.
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
Without prejudice to the second subparagraph of this paragraph and to Article 4, this Regulation shall not apply to an offer of securities to the public with a total consideration in the Union of less than EUR 1 000 000, which shall be calculated over a period of 12 months.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(3) For prospectuses to be filed pursuant to § 230.424 of this chapter, the information presented shall not be more than 135 days old.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
ided that, the required pay ratio information must, in any event, be filed as provided in General Instruction G(3) of Form 10-K (17 CFR 249.310) not later than 120 days after the end of such fiscal year.
- OSC consolidated NI 41-101 (PDF), read 2026-11-07:
2.3(1) An issuer must not file a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
A statement of capitalisation and indebtedness (distinguishing between guaranteed and unguaranteed, secured and unsecured indebtedness) as of a date no earlier than 90 days prior to the date of the document.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
Item 2.2 Issuers with market capitalisation above EUR 200 000 000 only Capitalisation and indebtedness A statement of capitalisation and indebtedness (distinguishing between guaranteed and unguaranteed, secured and unsecured indebtedness) as of a date no earlier than 90 days prior to the date of the document.
- Regulation (EU) 2016/679 (GDPR), read 2026-11-06:
Where a data-protection impact assessment indicates that processing operations involve a high risk which the controller cannot mitigate by appropriate measures in terms of available technology and costs of implementation, a consultation of the supervisory authority should take place prior to the processing. Where such notification cannot be achieved within 72 hours, the reasons for the delay shoul
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Describe any transaction in the subject securities during the past 60 days.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
Historical financial information covering the latest two financial years (at least 24 months) or such shorter period as the issuer has been in operation and the audit report in respect of each year.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(2) If pool assets relating to a significant obligor represent 20% or more of the asset pool, provide financial statements meeting the requirements of §§ 210.1-01 through 210.13-02 (Regulation S-X) of this chapter, except §§ 210.3-05 (Rule 3-05) and 210.11-01 through 210.11-03 (Article 11 of Regulation S-X) of this chapter, of the significant obligor.
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
A delay of 18 months should ensure that the issuer has complied at least once with its obligation to publish an annual financial report under Directive 2004/109/EC or under the rules of the market operator of an SME growth market.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
The balance sheet date of the last year of audited financial information may not be older than 18 months from the date of the registration document
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
16 months from the date of the registration document if the issuer includes interim financial statements in the registration document which is not audited.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
Where the registration document contains no interim financial information, the balance sheet date of the last year of audited financial statements may not be older than 16 months from the date of the registration document.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(C) Any contract calling for the acquisition or sale of any property, plant or equipment for a consideration exceeding 15 percent of such fixed assets of the registrant on a consolidated basis; or
- The Takeover Code (full text PDF), read 2026-11-07:
in the offeree company in the 14 days up to and including:
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
A prospectus, whether a single document or consisting of separate documents, shall be valid for 12 months after its approval for offers to the public or admissions to trading on a regulated market, provided that it is completed by any supplement required pursuant to Article 23.
- Regulation (EU) 2017/1129 (Prospectus Regulation), read 2026-11-07:
the annual and half-yearly financial information published over the 12 months prior to the approval of the prospectus;
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(A) Any instrument with respect to long-term debt not being registered if the total amount of securities authorized thereunder does not exceed 10 percent of the total assets of the registrant and its subsidiaries on a consolidated basis and if there is filed an agreement to furnish a copy of such agreement to the Commission upon request;
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
If more than 10 % of capital has been paid for with assets other than cash within the period covered by the historical financial information, state that fact.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
If the registration document is dated more than nine months after the date of the last audited financial statements, it must contain interim financial information, which may be unaudited (in which case that fact must be stated) covering at least the first six months of the financial year.
- Takeover Code Rule 21.3 (equality of information to competing offerors), read 2026-11-07:
The board of the offeree company must, on request, equally and promptly provide an offeror or bona fide potential offeror with all information that it has provided, and that it provides in the seven days following the request, to another offeror or potential offeror.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(B) If the registration statement is filed subsequent to the end of the registrant's second fiscal quarter, a description of the registrant's plan of operation for the remainder of the fiscal year and for the first six months of the next fiscal year.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
founders, if the issuer has been established for fewer than five years;
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
the names of all companies and partnerships where those persons have been a member of the administrative, management or supervisory bodies or partner at any time in the previous five years, indicating whether or not the individual is still a member of the administrative, management or supervisory bodies or partner.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
details of any convictions in relation to fraudulent offences for at least the previous five years;
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
details of any bankruptcies, receiverships, liquidations or companies put into administration in respect of those persons described in points (a) and (d) of the first subparagraph who acted in one or more of those capacities for at least the previous five years;
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
dministrative, management or supervisory bodies of an issuer or from acting in the management or conduct of the affairs of any issuer for at least the previous five years.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
In so far as known to the issuer, the name of any person who, directly or indirectly, has an interest in the issuer’s capital or voting rights which is equal or above 5 % of capital or total voting rights, together with the amount of each such person’s interest, as at the date of the registration document or, if there are no such persons, an appropriate negative statement.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(2) Tabular information relating to contract terms shall allow readers of the table to determine expected cash flows from the market risk sensitive instruments for each of the next five years.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Briefly describe the business experience during the past five years of each director, executive officer, person nominated or chosen to become a director or executive officer, and each person named in answer to paragraph (c) of
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
Indicate any other directorships held, including any other directorships held during the past five years, held by each director or person nominated or chosen to become a director in any company with a class of securities registered pursuant to section 12 of the Ex
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
years, shall describe with respect to any promoter, any of the events enumerated in paragraphs (f)(1) through (f)(6) of this Item that occurred during the past five years and that are material to a voting or investment decision.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
all describe with respect to any control person, any of the events enumerated in paragraphs (f)(1) through (f)(6) of this section that occurred during the past five years and that are material to a voting or investment decision.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
Name and business address of the person or entity offering to sell the securities, the nature of any position office or other material relationship that the selling persons has had within the past three years with the issuer or any of its predecessors or affiliates.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
If the smaller reporting company has not been in business for three years, provide the same information for predecessor(s) of the smaller reporting company if there are any.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
For registrants providing financial statements covering three years in a filing, discussion about the earliest of the three years may be omitted if such discussion was already included in the registrant's prior filings on EDGAR
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(3) For purposes of this paragraph (u), employee or employee of the registrant means an individual employed by the registrant or any of its consolidated subsidiaries, whether as a full-time, part-time, seasonal, or temporary worker, as of a date chosen by the registrant within the last three months of the registrant's last completed fiscal year.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
A registrant is required to identify its median employee only once every three years and calculate total compensation for that employee each year; provided that, during a registrant's last completed fiscal year there has been no change in its employee population or employee compensation arrangements that it reasonably believes would result in a significant change to its pay ratio disclosure.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(8) A registrant that qualifies as a “smaller reporting company,” as defined by § 229.10(f)(1) of this chapter, may provide the information required by this paragraph (v) for three years, instead of five years.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
A summary of each material contract, other than contracts entered into in the ordinary course of business, to which the issuer or any member of the group is a party, for the two years immediately preceding publication of the registration document.
- Commission Delegated Regulation (EU) 2019/980, read 2026-11-07:
A brief summary of each material contract, other than contracts entered into in the ordinary course of business, to which the issuer or any member of the group is a party, for the two years immediately preceding publication of the registration document.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
77g(a)), it provides audited financial statements for two years in a Securities Act registration statement for the initial public offering of the emerging growth company's common equity securities.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
(ii) State whether the principal accountant's report on the financial statements for either of the past two years contained an adverse opinion or a disclaimer of opinion, or was qualified or modified as to uncertainty, audit scope, or accounting principles; and also describe the nature of each such adverse opinion, disclaimer of opinion, modification, or qualification.
- 17 CFR Part 229 (Regulation S-K), read 2026-11-11:
If the assets were acquired by the promoter within two years prior to their transfer to the registrant, also state the cost thereof to the promoter.
Read in full, publishes no figure
14 named sources were read in full on the dates shown and print no usable figure. They are counted, never filled in.
- Takeover Code Rule 20.2 (equality of information to shareholders), read 2026-10-31: read in full and no accepted figure on the page
- Takeover Code Rule 21 (restrictions on frustrating action), read 2026-10-31: read in full and no accepted figure on the page
- 17 CFR 230.408 (additional information), read 2026-11-07: read in full and no accepted figure on the page
- 17 CFR Part 243 (Regulation FD), read 2026-11-07: read in full and no accepted figure on the page
- OSC: National Instrument 41-101 General Prospectus Requirements, read 2026-10-31: read in full and no accepted figure on the page
- ASIC RG 228 Prospectuses: effective disclosure for retail investors, read 2026-11-07: read in full and no accepted figure on the page
- ASIC RG 254 Offering securities under a disclosure document, read 2026-11-07: read in full and no accepted figure on the page
- Corporations Act 2001 (Cth) Chapter 6D, read 2026-11-07: read in full and no accepted figure on the page
- Corporations Act 2001 (Cth) version history, read 2026-10-31: read in full and no accepted figure on the page
- ASX rules, guidance notes and waivers, read 2026-10-31: read in full and no accepted figure on the page
- FCA Handbook: Prospectus Regulation Rules (PRR), read 2026-11-11: read in full and no accepted figure on the page
- FCA Handbook: Disclosure Guidance and Transparency Rules (DTR), read 2026-11-07: read in full and no accepted figure on the page
- FCA Handbook PRR (print path), read 2026-10-04: read in full and no accepted figure on the page
- SEC Form S-1, read 2026-09-19: every candidate on the page was refused
Methodology
Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2).
7 of the 21 named sources that could be read published a usable figure; 14 published none and are recorded as not published, never filled in; 1 could not be read (blocked, dead or unreachable) and count nowhere.
The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source for each breakdown it prices, in month (a source's median where its page yielded several accepted sentences for one breakdown), so a page that gives figures for several breakdowns gives one for each and N counts 9 figures, never sentences; 328 candidate sentence(s) were refused by a reviewer with the reason recorded.
The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): One row per jurisdiction per transaction type per disclosure head, quoted from the regulator's own text with its rule number and the date the text was read.
The comparison across regimes is the figure nobody assembles: which regimes make equality of information to a competing bidder a RULE rather than a courtesy (the UK Takeover Code does, at Rule 21.3, and it is the reason a sell-side data room exists in the shape it does), how many itemised disclosure heads each prospectus regime names, and which of them are satisfied by a document set rather than a narrative.
Changed-since is the news: a rulebook amendment moves a row, and the 2023 renumbering of the Takeover Code's information rules moved this one.
328 candidate sentences on these pages were refused by a reviewer; each refusal and its reason is recorded in the review ledger.
Sources (22)
- Takeover Code Rule 21.3 (equality of information to competing offerors)(the publisher's own terms; quoted for reporting and comment)
- Takeover Code Rule 20.2 (equality of information to shareholders)(the publisher's own terms; quoted for reporting and comment)
- Takeover Code Rule 21 (restrictions on frustrating action)(the publisher's own terms; quoted for reporting and comment)
- 17 CFR Part 229 (Regulation S-K)(the publisher's own terms; quoted for reporting and comment)
- 17 CFR 230.408 (additional information)(the publisher's own terms; quoted for reporting and comment)
- 17 CFR Part 243 (Regulation FD)(the publisher's own terms; quoted for reporting and comment)
- Regulation (EU) 2017/1129 (Prospectus Regulation)(the publisher's own terms; quoted for reporting and comment)
- Commission Delegated Regulation (EU) 2019/980(the publisher's own terms; quoted for reporting and comment)
- Regulation (EU) 2016/679 (GDPR)(the publisher's own terms; quoted for reporting and comment)
- OSC: National Instrument 41-101 General Prospectus Requirements(the publisher's own terms; quoted for reporting and comment)
- ASIC RG 228 Prospectuses: effective disclosure for retail investors(the publisher's own terms; quoted for reporting and comment)
- ASIC RG 254 Offering securities under a disclosure document(the publisher's own terms; quoted for reporting and comment)
- Corporations Act 2001 (Cth) Chapter 6D(the publisher's own terms; quoted for reporting and comment)
- Corporations Act 2001 (Cth) version history(the publisher's own terms; quoted for reporting and comment)
- ASX rules, guidance notes and waivers(the publisher's own terms; quoted for reporting and comment)
- FCA Handbook: Prospectus Regulation Rules (PRR)(the publisher's own terms; quoted for reporting and comment)
- FCA Handbook: Disclosure Guidance and Transparency Rules (DTR)(the publisher's own terms; quoted for reporting and comment)
- FCA Handbook PRR (print path)(the publisher's own terms; quoted for reporting and comment)
- The Takeover Code (full text PDF)(the publisher's own terms; quoted for reporting and comment)
- SEC Form S-1(the publisher's own terms; quoted for reporting and comment)
- OSC consolidated NI 41-101 (PDF)(the publisher's own terms; quoted for reporting and comment)
- BC Laws consolidated NI 41-101(the publisher's own terms; quoted for reporting and comment)
Cite or embed this figure
The Diligence Disclosure Requirements carries 10 published figures read from 3 sources' own pages; the 6 published figures given by disclosure head run from 9 to 24 month, read 11 November 2026.
7 of the 21 named sources read in full publish a figure; 14 publish none, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head smaller reporting company definition (Regulation S-K Item 10(f)): median 250,000,000 USD across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head related-party transactions, smaller reporting companies (Regulation S-K Item 404(d)): median 120,000 USD across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head interests of named experts and counsel (Regulation S-K Item 509): median 50,000 USD across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head instruments defining the rights of security holders exhibit (Regulation S-K Item 601(b)(4)): median 10 percent across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head material contracts exhibit (Regulation S-K Item 601(b)(10)): median 15 percent across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head past transactions with the subject company's officers, directors and affiliates (Regulation M-A Item 1005(a)): median 60,000 USD across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head transactions in the subject securities (Regulation M-A Item 1008(b)): median 60 day across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head static pool information age (Regulation AB Item 1105): median 135 day across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head significant obligor financial statements (Regulation AB Item 1112(b)): median 20 percent across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head scope threshold below which no prospectus regime applies (Prospectus Regulation Article 1(3)): median 1,000 EUR across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head wholesale denomination exemption (Prospectus Regulation Article 1(4)(c)): median 100,000 EUR across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head Member State prospectus exemption ceiling (Prospectus Regulation Article 3(2)): median 8,000 EUR across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head prospectus validity (Prospectus Regulation Article 12): median 12 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head financial information in the simplified prospectus for secondary issuances (Prospectus Regulation Article 14): median 12 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head EU Growth prospectus eligibility (Prospectus Regulation Article 15): median 260,000,000 EUR across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head founders, where the issuer is under five years old (Delegated Regulation 2019/980 Annex 1 item 12.1): median 5 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head directors' other directorships and partnerships (Delegated Regulation 2019/980 Annex 1 item 12.1): median 5 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head directors' fraud convictions (Delegated Regulation 2019/980 Annex 1 item 12.1): median 5 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head directors' bankruptcies and liquidations (Delegated Regulation 2019/980 Annex 1 item 12.1): median 5 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head directors' disqualifications (Delegated Regulation 2019/980 Annex 1 item 12.1): median 5 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head interim financial information (Delegated Regulation 2019/980 Annex 1 item 18.2.1): median 9 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head share capital paid in non-cash assets (Delegated Regulation 2019/980 Annex 1 item 19.1): median 10 percent across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head material contracts (Delegated Regulation 2019/980 Annex 1 item 20.1): median 2 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head material contracts, secondary issuance registration document (Delegated Regulation 2019/980 item 14.1): median 2 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head historical financial information (Delegated Regulation 2019/980 item 11.1.1): median 24 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head capitalisation and indebtedness statement (Delegated Regulation 2019/980 securities note): median 90 day across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head selling security holders (Delegated Regulation 2019/980 item 7.1): median 3 year across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head review of past performance for larger issuers (Delegated Regulation 2019/980): median 200,000,000 EUR across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head age of financial information with unaudited interims (Delegated Regulation 2019/980): median 16 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head age of financial information without interims (Delegated Regulation 2019/980): median 16 month across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head major shareholders (Delegated Regulation 2019/980 item 6.1.1): median 5 percent across 1 source, read 11 November 2026.
Diligence Disclosure Requirements, disclosure head capitalisation and indebtedness (Item 2.2): median 90 day across 1 source, read 11 November 2026.
Cite as: "dataroompicker.com Diligence Disclosure Requirements", updated 2026-11-11, https://dataroompicker.com/datasets/diligence-disclosure-requirements/.
Download the CSV (58 rows, computed 2026-11-11)
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Questions this data answers
What does the disclosure regime for this kind of transaction require the data room to contain, and who must be given the same access?
The Diligence Disclosure Requirements carries 10 published figures read from 3 sources' own pages; the 6 published figures given by disclosure head run from 9 to 24 month, read 11 November 2026.
Where do the figures in the Diligence Disclosure Requirements come from?
Every figure is quoted from its source's own page and dated (last read 11 Nov 2026). 21 named sources were read and 7 publish a figure; the 14 that publish none are recorded as not published, never estimated.