Flashcards in -JOBS Act Deck (5)
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1
Q
What is the revenue limit for an Emerging Growth Company IPO?
A
$1 Billion*
*This is adjusted for inflation, but memorizing the exact number is not recommended.
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2
Q
For an Emerging Growth Company IPO, how many years of audited financial statements are required?
A
2 years
3
Q
How did Reg D, Rule 506 change under the JOBS Act?
A
General Solicitation and Advertising now allowed.
4
Q
Under the JOBS Act, what is the capital ceiling under Regulation A?
A
Regulation A capital ceiling raised from $5MM to $50MM.
5
Q
Under the JOBS Act Title V - Private Company Flexibility and Growth, what is the shareholder limit if there are less than 500 non-accredited shareholders?
A
2,000
