Icarus Company is considering making an offering of its common shares under the Securities Exchange Act of 1933 Regulation A.What are the requirements it must meet?
Icarus must be a nonpublic company and may sell no more than $5,000,000 of securities in a one-year period.It must file an offering circular (a disclosure document)with the SEC.The offering circular is required to contain a balance sheet dated within 90 days before the filing date of the offering circular.It must also contain two years' income statements,cash flow statements,and statements of shareholder equity.Icarus must file the offering circular with the SEC and wait 20 days before it may sell the securities.Icarus may sell to an unlimited number of purchasers of any type and may make general solicitations.Resale of the securities is not restricted.

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The Answer of Icarus Company is considering making an offering of its common shares under the Securities Exchange Act of 1933 Regulation A.What are the requirements it must meet?
Icarus must be a nonpublic company and may sell no more than $5,000,000 of securities in a one-year period.It must file an offering circular (a disclosure document)with the SEC.The offering circular is required to contain a balance sheet dated within 90 days before the filing date of the offering circular.It must also contain two years' income statements,cash flow statements,and statements of shareholder equity.Icarus must file the offering circular with the SEC and wait 20 days before it may sell the securities.Icarus may sell to an unlimited number of purchasers of any type and may make general solicitations.Resale of the securities is not restricted.

Icarus Company Is Considering Making an Offering of Its Common