Business Law - JOBS Act

Question 1

What is the revenue limit for an Emerging Growth Company IPO?

Answer 1

$1 Billion

Question 2

For an Emerging Growth Company IPO, how many years of audited financial statements are required?

Answer 2

2 years

Question 3

How did Reg D, Rule 506 change under the JOBS Act?

Answer 3

General Solicitation and Advertising now allowed

Question 4

Under the JOBS Act, what is the capital ceiling under Regulation A?

Answer 4

Reg. A Capital ceiling raised from $5M to $50M

Question 5

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?

Answer 5

2,000