[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR229.505]

[Page 423]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
 PART 229--STANDARD INSTRUCTIONS FOR FILING FORMS UNDER SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY POLICY AND CONSERVATION ACT OF 1975--
REGULATION S-K--Table of Contents
 
    Subpart 229.500--Registration Statement and Prospectus Provisions
 
Sec. 229.505  (Item 505) Determination of offering price.

    (a) Common equity. Where common equity is being registered for which 
there is no established public trading market for purposes of paragraph 
(a) of Item 201 of Regulation S-K (Sec. 229.201(a)) or where there is a 
material disparity between the offering price of the common equity being 
registered and the market price of outstanding shares of the same class, 
describe the various factors considered in determining such offering 
price.
    (b) Warrants, rights and convertible securities. Where warrants, 
rights or convertible securities exercisable for common equity for which 
there is no established public trading market for purposes of paragraph 
(a) of Item 201 of Regulation S-K (Sec. 229.201(a)) are being 
registered, describe the various factors considered in determining their 
exercise or conversion price.