To Qualify for a Rule 147 (Intrastate) Public Stock Offering

question 28

Multiple Choice

To qualify for a Rule 147 (intrastate) public stock offering, a company must ________ in the state in which it makes this offering.

• A) be incorporated and maintain its executive offices
• B) derive 80 percent of its revenue
• C) use 80 percent of the offering proceeds for business
• D) All of the above

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Definitions:

Commitment

The state or quality of being dedicated to a cause, activity, or the fulfillment of an obligation or promise.

Personal Appeal

The characteristic of an individual that makes them likable and attractive to others, often influencing social interactions and opportunities.

Coalition Formation

The process by which individuals or groups come together to form alliances to achieve a common goal.

Information Control

The management or regulation of access to information, often implemented to protect data privacy, secure communications, or influence decision-making processes.