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Prospectus Draft

Draft SEC-Compliant Prospectuses in Minutes, Not Weeks

15 minutes with Para

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Para is an AI colleague for legal teams. Send it this work by email, Teams or Slack, and it hands back the finished document.

15 minutes with Para

What you'll need

  • Corporate Documents
  • Financial Statements
  • Offering Terms

Plans from $20 a month, with usage included.

Workflow

Overview

CaseMark's Prospectus Draft skill transforms your corporate documents, financial statements, and offering terms into a structured, SEC-compliant prospectus draft. The AI produces every required section — from cover page and risk factors to use of proceeds and management disclosures — while flagging gaps and items requiring legal review.

Drafting a securities prospectus is one of the most labor-intensive tasks in capital markets practice. Associates and counsel spend weeks assembling corporate data, financials, risk factors, and offering terms into a disclosure document that must satisfy exacting SEC requirements. The risk of missing a required disclosure, using promotional language, or producing inconsistent sections compounds with every hour spent on manual drafting.

CaseMark automates the heavy lifting of prospectus drafting by ingesting your source documents and producing a fully structured, SEC-compliant draft in minutes. The AI enforces regulatory tone, organizes disclosures in the required order, and flags every gap or item needing legal review — so your team can focus on substantive judgment rather than document assembly.

How to hand this to Para

  1. 1. Send Para the files

    Email them, drop them in a Teams or Slack message, or upload them.

  2. 2. Para runs the Prospectus Draft skill

    It works from your files and checks its citations against the record.

  3. 3. The finished document comes back

    Para returns it where you asked, usually as a DOCX, and offers the next step.

Example request · email, Teams or Slack
Para, run the Prospectus Draft skill for the Garcia matter. I've attached the Corporate Documents, Financial Statements and Offering Terms. Send the finished draft back here as a DOCX.

What Para does

  1. 1. Upload corporate documents, financial statements, and offering terms
  2. 2. AI analyzes your data and structures a full SEC-compliant prospectus draft
  3. 3. Review flagged gaps, legal review items, and customize each section
  4. 4. Export the completed prospectus in your preferred format (DOCX, PDF)

What you get

  • Cover Page with SEC Disclaimer Legends

  • Executive Summary

  • Risk Factors (Offering, Company, Industry, Market)

  • Use of Proceeds Table

  • Business Description

  • Management & Compensation Disclosure

  • Financial Data Summary

  • Information Gap Flags & Legal Review Items

What it handles

  • Generates all required SEC prospectus sections in regulatory order

  • Structures risk factors by category with company-specific tailoring

  • Tabulates use of proceeds with amounts, percentages, and timelines

  • Flags information gaps and privilege-sensitive items for legal review

  • Applies SEC disclaimer legends and Rule 430 red herring language

  • Maintains factual, non-promotional tone compliant with Section 10(b)

Required documents

  • Corporate Documents

    Articles of incorporation, bylaws, and capitalization table

    .pdf, .docx

  • Financial Statements

    Audited GAAP financial statements, interim results, and any projections

    .pdf, .docx, .xlsx

  • Offering Terms

    Term sheet or preliminary offering parameters including securities type, amount, and pricing

    .pdf, .docx

Supporting documents

  • Management Bios

    Officer and director biographies, compensation details, and ownership percentages

    .pdf, .docx

  • Risk Inventory

    Litigation matters, regulatory issues, and operational vulnerability assessments

    .pdf, .docx

  • Business Plan

    Revenue model, competitive landscape analysis, and IP portfolio summary

    .pdf, .docx

Why teams use it

Reduce prospectus drafting time from weeks to minutes with AI-generated first drafts that follow SEC disclosure conventions

Ensure comprehensive coverage with automatic gap detection that flags missing information and privilege-sensitive items

Generate company-specific risk factors organized by regulatory convention instead of relying on generic boilerplate

Maintain regulatory compliance with built-in SEC disclaimer legends, non-promotional tone enforcement, and Regulation S-K structuring

Questions

Does this produce a final, filing-ready prospectus?

CaseMark generates a comprehensive first draft structured to SEC requirements, but it flags areas needing verification and legal review. The output is designed to dramatically accelerate your drafting process while ensuring nothing is missed — final review by securities counsel is always recommended before filing.

What types of offerings does this support?

CaseMark's prospectus drafting skill supports S-1 registration statements, offering memoranda, and primary disclosure documents for both public and private issuances. It adapts its output structure based on the offering type and applicable regulatory framework.

How does the AI handle risk factors?

CaseMark generates company-tailored risk factors organized by SEC convention: offering-specific, company-specific, industry, and market/economic risks. It avoids generic boilerplate and describes potential impacts with specificity, following Regulation S-K Item 105 guidance.

What if I'm missing some of the required information?

CaseMark will draft the prospectus with available information and clearly flag any gaps with specific descriptions of what's needed. This ensures you get a usable draft immediately while maintaining a clear checklist of outstanding items.

Does the output comply with current SEC regulations?

CaseMark structures the prospectus to satisfy SEC disclosure requirements including Regulation S-K formatting and Section 10(b) tone standards. Items requiring regulatory verification are flagged for counsel review to ensure compliance with the latest rules and comment letter trends.

How long does it take to generate a prospectus draft?

CaseMark typically generates a full prospectus draft in approximately 15 minutes, compared to the days or weeks traditionally required. The more complete your uploaded documents, the more comprehensive the initial draft will be.

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