_____ Sonex Plans to "Go Public" by Registering 100,000 Shares

_____ Sonex plans to "go public" by registering 100,000 shares of its common stock with the SEC under the 1933 Act. Immediately prior to the issuance of these new shares, Sonex had 600,000 common shares outstanding (400,000 shares held by Sonex's founders, 150,000 shares held by an insurance company [as a result of a private placement], and 50,000 held by employees [as a result of exercising stock options]) . How many common shares must Sonex register under the 1934 Act so that its common stock can be public traded?

A) 100,000.
B) 150,000.
C) 300,000.
D) 550,000.
E) None of the above.