Series 79 practice questioneasySEC Registration Statements
Which statement best describes the eligibility requirements for a company to file on Form S-3?
- A12 months reporting; $75M I.B.1 float or capped I.B.6✓ Correct answer
- BThe company must have completed an IPO within the last 60 days.
- CThe issuer must be a foreign private issuer.
- DThere are no reporting requirements for Form S-3.
Explanation
Why A — 12 months reporting; $75M I.B.1 float or capped I.B.6
Form S-3 has multiple transaction eligibility paths. The $75 million float threshold is not universal because the baby-shelf pathway exists.
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