Legal Definitions - non-accelerated filer

A non-accelerated filer is a type of company that is not classified as a large accelerated filer, an accelerated filer, or a smaller reporting company. When a company goes public, it is initially classified as a non-accelerated filer, regardless of whether it meets the requirements to be classified as a large accelerated filer, accelerated filer, or smaller reporting company.

Non-accelerated filers have a longer period of time to file their financial reports with the Securities and Exchange Commission (SEC). They have 90 days to file their annual report (Form 10-K) and 45 days to file their quarterly report (Form 10-Q).

For example, if a company goes public and does not meet the requirements to be classified as a large accelerated filer, accelerated filer, or smaller reporting company, it will be classified as a non-accelerated filer. This means that the company will have more time to file its financial reports with the SEC.