Question

To qualify for a short-form S-3 registration filing, a company must meet several requirements. One requirement is that it must not have sold more than what percentage of its public float under S-3 filings over the previous 12 calendar months?

A) 10%
B) 20%
C) 30%
D) 40%

Answer 1

The company must meet certain criteria to qualify for a short-form S-3 registration, which includes not having sold more than 20% of its public float under S-3 filings over the previous 12 calendar months.

Step-by-step explanation:

To qualify for a short-form S-3 registration filing, there are multiple criteria that a company must meet. One of the requirements is related to the amount of securities the company can sell using Form S-3 in relation to its public float. The company must not have sold more than 20% of its public float using S-3 filings over the past 12 calendar months. Therefore, the correct answer to the question is B) 20%.