If a company has 80% of its assets located within a state, what does this satisfy in relation to Rule 147?

The indication that a company has 80% of its assets located within a single state satisfies the requirement for the intrastate offering exemption under Rule 147. This rule, established by the Securities and Exchange Commission (SEC), allows companies that are based primarily in one state to raise capital without needing to register the offering at the federal level, as long as the offerings are made only to residents of that same state.

In this context, having 80% of assets in the state demonstrates a significant connection to that location, reinforcing the idea that the company is genuinely engaged in intrastate commerce. This is crucial for establishing eligibility for the exemption, as Rule 147 explicitly aims to support businesses that predominantly function within the confines of their home state, thus fostering local capital formation.

The other options relate to different regulatory requirements: registration, provisions for foreign investor offerings, and mandatory annual reporting, which do not specifically align with the condition of asset concentration in a single state as it pertains to the intrastate offering exemption.