ABC Corporation has 1,000,000 share of common stock, of which the public float is 900,000 shares. To qualify for an S-3 filing, what is the maximum amount of common shares that the company may have sold under an S-3 in the previous 12 calendar months?

ABC Corporation has 1,000,000 share of common stock, of which the public float is 900,000 shares. To qualify for an S-3 filing, what is the maximum amount of common shares that the company may have sold under an S-3 in the previous 12 calendar months?



A) 300,000
B) 333,333
C) 450,000
D) 500,000









Answer: A