Series 24: Seasoned Issuer

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Seasoned Issuer...

a large company (but not as large as a WKSI) that has previously issued securities with the SEC. A seasoned issuer must either (a) have a public float of at least $75 million or (b) have securities listed on a national securities exchange, not meet the definition of a shell company, and not have sold more than one-third of its public float during the previous 12 months.

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