Hank Co. is preparing to issue stock. Its revenues for last year were $92,000,000, and it had $60,000,000 in stock held by non-affiliates. The company had been filing with the SEC for two years. Which one of the following forms should have been used for registration?
A) S-1.
B) S-3.
C) S-4.
D) S-8.
E) S-11.

Question

Quizplus · Accepted Answer

Hank Co. does not meet the requirements for Form S-3, which requires $75 million in public float and at least 12 months of SEC reporting. Therefore, they must use Form S-1 for registration.

Hank Co Is Preparing to Issue Stock