Pix Corp. is making a $6,000,000 stock offering. Pix wants the offering exempt from registration under the Securities Act of 1933.Which of the following provisions of the Act would Pix have to comply with for the offering to be exempt?
Choice "C" is correct. Rule 506 allows offerings of an unlimited amount to be made as long as all the other requirements of this rule are satisfied. Choice "a" is incorrect. Regulation A offerings are limited to $5 million.
Choice "d" is incorrect. Rule 504 offerings are limited to $1 million.
Choice "b" is incorrect. Rule 505 offerings are limited to $5 million.
