To Raise $120 Million to Expand Operations, Primo Inc

To raise $120 million to expand operations, Primo Inc. makes a stock offering directly to sixty accredited investors and twenty sophisticated, but unaccredited investors. The firm plans to notify the SEC of sales. Under the Securities Act of 1933, this issue may qualify as an exempt transaction

A) as is.
B) if all of the investors are also given material information about the firm.
C) if the offering is also made to the general public.
D) under no circumstances.