(a) Tenga un capital neto de al menos cien mil dólares ($100,000), o
(b) se haya hecho previamente una oferta pública de sus valores mobiliarios, y en el momento de la oferta, tenga un capital neto de al menos cien mil dólares ($100,000), o
(c) haya sido eximida expresamente por el Comisionado del requisito de capital neto inicial.
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