Jul. 6 at 2:55 PM
$FABC , Size Constraint (The "Baby Shelf" Rule): Because the company's public float (the value of shares held by non-affiliates) is currently small—noted as roughly
$5.5 million based on 1.455 million outstanding shares—they are bound by SEC General Instruction I.B.6. This rule dictates that they cannot sell more than one-third of their public float in a public primary offering within any rolling 12-month period, unless their public float crosses
$75 million.
