A tombstone advertisement is a prospectus with a notice written in a conspicuous font at the top of the page warning investors that the registration has been filed with the Securities and Exchange Commission but is not yet approved.

Tombstone Advertisement

A print advertisement in a format similar to that of a tombstone that announces a forthcoming sale of securities.

Conspicuous Font

Text styled in a way that makes it stand out and be easily noticed, typically for legal or official purposes to ensure clarity and attention.

Prospectus

A written document filed with the SEC that contains a description of a security and other financial information regarding the company offering the security; also distributed as an advertising tool to potential investors.