What is an SEC "notice of effectiveness"? The not

What is an SEC "notice of effectiveness"?
The notice of effectiveness is a public declaration by the Securities and Exchange Commission that a public company's registration statement has been accepted.
For shares in a public company to trade on the open market they must be registered by the company. These registration statements are reviewed by the Commission for a period of time before approval is given, and this notice marks the successful completion of this review process.

Effectiveness Notices (5/22/06)
Notifications of effectiveness for Securities Act registration statements and post-effective amendments (other than those that become effective automatically by law) are now posted to the EDGAR system the morning after a filing is determined to be effective. The new EDGAR form type for these notices is EFFECT. For the most recent notices, see the Notice of Effectiveness daily display.
See also SEC to Replace Many Paper Effectiveness Orders With Electronic Notifications of Effectiveness (Press Release 2006-61, April 25, 2006) for more information.
http://www.sec.gov/edgar/searchedgar/edgarsearchupdates.htm


The one you posted is the machine readable version in XML (eXtensible Markup Language).

Here's the human readable version:
https://sec.report/Document/9999999995-20-002582/


Lots of companies file them per required reporting:
https://sec.report/Form/EFFECT

This Notification of Effectiveness is for SEC Form S-3 - or registration of stock. https://www.investopedia.com/terms/s/sec-form-s-3.asp

The most recent S-3 that CytoDyn filed was on 9-15-20 for the registration of 2,887,448 shares. I forgot what these shares were for....but I think they were for the Fife/Illiad loan.