Mountain View Corporation is a noninvestment company that wants to is?sue stock of $3 million in a twelve-month period.Mountain View,with less than $20 mil?lion in annual sales,qualifies as a small business issuer.Before Mountain View sells the stock,it must provide investors with

Question

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As a small business issuer, Mountain View Corporation is exempt from filing a full registration statement with the SEC. However, it must provide investors with an offering circular, which is a simplified form of the prospectus that discloses the relevant information about the company and the offering. A notice of the issue would not provide enough information for investors, a red herring prospectus is not necessary for a small business issuer, and a tombstone ad is only an advertisement and does not provide the necessary information for investors.

Mountain View Corporation Is a Noninvestment Company That Wants to Is?sue