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BEE4 Go

The gateway for SMEs to access the capital markets, without having to become a public company.

Features

TYPE OF OFFER

Debt offering, choosing between commercial notes or debentures.

CVM REGISTRATION CATEGORY

Does not require registration.

AUDIENCE

Professional investor.

KEY FEATURES

Hiring an offering coordinator or distributor is not mandatory and, when there is no secondary trading, audited financial statements are not required. In addition, it does not require the use of the FÁCIL Form.

PROCEDURE

Automatic registration of the offering with the CVM, with no prior review required.

Listing steps

To apply for listing on BEE4 as a private issuer, the SME must submit the following documents:

BEE4 registration form;

Consolidated and updated articles of association, together with a document evidencing shareholder approval of the Listing Application on BEE4;

Agreement Granting Access Rights as an Issuer.

Documents for listing under BEE4 Go

To file the offering request, the issuer must submit:

Offering documents Federal Payment Slip (GRU) and proof of payment of the CVM supervisory fee;
Offering documents Deed or instrument of issuance of the securities;
Offering documents Notice to the market and offering opening and closing announcements;
Offering documents File containing the characteristics of the securities, information on the deposit of the securities offered, and the payment schedule, in accordance with the templates made available by BEE4;
Offering documents Statement that the issuer is not registered with the CVM and qualifies as a Smaller Company (CMP);
Offering documents Statement by the statutory officer of the trustee certifying the absence of any conflict of interest that would prevent the performance of the role;
Offering documents Audited financial statements for the latest fiscal year or, when applicable, for the most recent date reflecting the issuer’s financial position, subject to the applicable regulatory deadlines (applicable only to issuers whose securities are traded in the secondary market).

What happens after listing

Companies that choose to remain privately held may decide whether or not to admit their securities for trading by investors in the secondary market. If that is the objective, that is, if they wish to access the secondary market, they will need to comply with the disclosure obligations set forth in the regulation.

 In this case, the information must be submitted to BEE4, with no need to maintain an Investor Relations page on the company’s own website. These obligations include:

  • Disclosure of annual audited financial statements;
  • Disclosure of material information to the market, such as material acts or material facts;
  • Availability of reports and communications submitted by the trustee and the commercial notes agent, when applicable.

If it chooses not to trade the securities in the secondary market, the SME is not required to keep its financial results publicly available to the market.