The purpose of a "tombstone ad" is:
A)to inform investors an upcoming offering has been canceled.
B)to inform investors of an upcoming offering.
C)to inform investors an upcoming offering will be delayed for 30 days.
D)to inform investors securities will be offered for sale after the company has responded to the SEC's comment letter.

Question

Quizplus · Accepted Answer

Tombstone ads are advertisements placed by companies in financial publications to inform investors of an upcoming offering of securities. They are typically very simple and provide basic information about the offering.

The Purpose of a "Tombstone Ad" Is