Classification of Issuers of Securities

The video tutorial explains the classification of issuers and its significance in the registration filing process. It covers the pre-filing and waiting periods, detailing the four classifications: non-reporting company, unseasoned issuer, seasoned issuer, and well-known seasoned issuer. Each category is defined by specific criteria such as market capitalization and reporting history, which determine the company's rights and obligations during the registration process.

Why is the classification of an issuer important during the registration filing process?

• It affects the company's ability to solicit interest during pre-filing.

• It determines the company's tax obligations.

• It influences the company's stock price.

• It dictates the company's marketing strategy.

What is a non-reporting company?

• A company that has never gone through a public offering.

• A company that is exempt from all SEC regulations.

• A company with more than $700 million in market capitalization.

• A company that has been reporting for over 12 months.

Which of the following describes an unseasoned issuer?

• A company that has never gone through a public offering.

• A company that exceeds $75 million in market capitalization.

• A company that has been a reporting company for less than 12 months.

• A company with more than $700 million in market capitalization.

What is the market capitalization range for a seasoned issuer?

• Less than $75 million

• Exactly $75 million

• Between $75 million and $700 million

• More than $700 million

What distinguishes a well-known seasoned issuer from other classifications?

• It has less than $75 million in market capitalization.

• It is exempt from SEC reporting requirements.

• It is a non-reporting company.

• It has more than $700 million in market capitalization.