JOBS Act Flashcards
REG CPA Notes
1
Q
What is the revenue limit for an Emerging Growth Company IPO?
A
$1 Billion
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
Reg. A Capital ceiling raised from $5M to $50M
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
