The prospectus is a formal written offer to sell newly issued securities, which contains the necessary information for potential investors.
This is a condensed prospectus, which, however, must include accurate details of the issuer’s finances, risk factors, use of proceeds from the issue, and other relevant information.
The prospectus, although abbreviated, should not be confused with the more informal “distraction” document, which is intended to be a marketing tool rather than a normative document.