Typically, securities available to the public in Ontario require a prospectus, although there are exceptions known as prospectus exemptions. One such exemption is the Offering Memorandum (OM) prospectus exemption, enabling companies to offer securities to a broad spectrum of investors by providing them with an offering memorandum. This document details a company’s business and affairs. Under this exemption, securities are accessible to all, but limitations apply based on an investor’s eligibility status.