Series 24: Unseasoned Reporting Issuer

a company that meets the conditions to be a reporting issuer, but doesn't meet the conditions to be a seasoned issuer. For example, a company that has a public float under $75 million and is not listed on a national securities exchange is not a seasoned issuer, but if it has conducted an IPO and still trades publicly on the OTC market, then it is a reporting issuer.