Pearson Electric recently registered 250,000 shares of stock under SEC Rule 415. The firm plans to sell 150,000 shares this year and the remaining 100,000 shares next year. What type of registration was this?

Question

Quizplus · Accepted Answer

This was a shelf registration, as it allows the issuer to register securities with the SEC and sell them periodically over a two-year period without having to file additional registration statements.

Pearson Electric Recently Registered 250,000 Shares of Stock Under SEC