Section 4(a)(7)

Definition:

An exemption providing for private resales of Restricted Securities and control securities. Section 4(a)(7) of the Securities Act provides a statutory basis for resales of securities by persons other than the issuer, who previously relied on the Section 4(a)(1-1/2) Private Placement procedures.

Section 4(a)(7) was adopted as part of the FAST Act on December 4, 2015.

Return to Glossary

You may also like:

  • How Federal Policy Could Reshape Dealmaking: Insights from DealMAX 2025

    April 29, 2025 | Blog

    Read more

  • Map of Asia, Asia Pacific, South Asia, Southeast Asia, East Asia on a globe
    Market Spotlight: APAC 2024 Due Diligence Benchmarks

    April 21, 2025 | Blog

    Read more

  • a city at night, Dublin, Ireland
    Expert Spotlight: Resilience amidst uncertainty for Irish M&A in 2025

    April 14, 2025 | Blog

    Read more

Your complete M&A platform

Datasite provides you one end-to-end platform that supports you across all stages of the deal.
AI-powered M&A virtual data room platform, Datasite Intelligence™
Datasite Intelligence

Find more buyers faster
Datasite Pipeline

Capture opportunities in one place
Data room platform for deal marketing, Datasite Outreach™
Datasite Outreach

Optimize your deal marketing
Datasite Prepare

Be ready for any transaction
Premier sell-side data room, Datasite Diligence™
Datasite Diligence

Trust the premier data room
Buy-side M&A data room platform, Datasite Acquire®
Datasite Acquire

Trust the premier buy-side data room
Secure data room platform, Datasite Archive™
Datasite Archive

Preserve and protect your project data