The ____________________________ specified in the prospectus must be reached before an allotment of shares can occur.

Question

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The minimum share subscription is the minimum amount of shares that must be subscribed to by investors in order for the company to proceed with the allotment of shares. If the minimum share subscription is not reached, the company cannot issue the shares and the fundraising effort may fail. The other options (B, C, and D) are not related to the share subscription process.

The ____________________________ Specified in the Prospectus Must Be Reached Before