Michael Quinn Used Regulation D,Rule 505 to Do a DPO

question 117

True/False

Michael Quinn used Regulation D,Rule 505 to do a DPO of his company's stock to investors and raised nearly $4.6 million.

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Definitions:

Environmental Regulator

An entity or agency responsible for enforcing laws and regulations aimed at protecting the environment.

Escrow Agent

An escrow agent is a neutral third party who holds assets or documents in escrow (in trust) until the conditions of an agreement or contract are fulfilled.

Title Company

A business that facilitates real estate transactions by verifying property titles, conducting closings, and issuing title insurance.

Escrow Agent

A neutral third party responsible for holding assets in trust until predetermined contractual conditions are met.