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Series 79: Underwriting & New Financing
Series 79 practice questionmediumProspectus Requirements

Under Rule 430A, what information may be omitted from a prospectus filed as part of the registration statement?

  1. AThe identity of the underwriters
  2. BThe financial statements of the issuer
  3. CThe offering price, underwriting discounts, and related pricing information✓ Correct answer
  4. DThe risk factors section
Explanation

Why CThe offering price, underwriting discounts, and related pricing information

Rule 430A permits the omission of pricing-related information from the prospectus included in the registration statement at the time of effectiveness. This allows the registration statement to become effective before the final offering price is determined, which typically occurs on the pricing night after the book-building process. The omitted pricing information must be filed with the SEC in a prospectus supplement or final prospectus within specified time periods after pricing.

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