Limitation on amount of dilution in offering; remedy for violation

NAC 90.485 Limitation on amount of dilution in offering; remedy for violation. ( NRS 90.480 , 90.490 , 90.510 , 90.750 ) The amount of dilution in an offering by a development stage company may not exceed 75 percent of the aggregate offering price unless that limitation is waived by the Administrator pursuant to NRS 90.715 . For any violation of this section, the Administrator may deem the offering to be one which will be made with unreasonable amounts of promoters’ profits or participation and issue an order denying effectiveness to, or suspending or revoking the effectiveness of, the registration statement filed in connection with the offering. (Added to NAC by Sec’y of State, eff.

4-22-88; A 10-16-89; R047-04, 5-25-2004)