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Well-Known Seasoned Issuer (WKSI)

A large, financially sound public company that meets specific criteria established by the SEC, allowing it to register and sell securities to the public more quickly and efficiently.

Issuer

A legal entity, such as a company, that develops, registers, and sells securities (like stocks or bonds) to raise money.

Common Equity

Shares of ownership in a company that represent a claim on its assets and earnings. This typically includes both voting (giving shareholders a say in company decisions) and non-voting shares.

Non-affiliates

Individuals or entities that do not control or are not controlled by the issuer. In the context of stock, it refers to shares held by the general public, not by company insiders or large controlling shareholders.

Securities and Exchange Commission (SEC)

A U.S. government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

Form S-3

A simplified registration form used by the SEC for certain well-established public companies to quickly register new securities offerings, reducing the time and cost involved.