Can't see the relevance of this comment to the post. You can do a Google search for "confidentially submits draft S-1 to the SEC" to see other examples of companies announcing these submissions and they're all written in the same way.

It's just a standard/template that most companies reuse.

https://www.figma.com/blog/s1-confidential-submission

https://www.prnewswire.com/news-releases/gemini-announces-co...

https://investors.navan.com/news-releases/news-release-detai...

https://www.round1-group.co.jp/docs/pdf/2026/20260507_news_e...