What are the reporting obligations for companies under Regulation A?

Under Regulation A, companies are subject to scaled reporting obligations that primarily depend on their asset size and the specific tier of offering they choose to pursue. Specifically, companies that conduct a Regulation A offering must file certain reports if their total assets exceed $10 million.

For offerings under Tier 2 of Regulation A, companies are required to provide ongoing reports to the SEC, which includes annual, semiannual, and current event reports. This is a significant aspect of Regulation A as it imposes fewer obligations than a full public company registration, but still maintains a level of transparency for investors.

Therefore, the correct answer highlights that the reporting obligations are contingent upon the company's asset levels, particularly exceeding the $10 million threshold, which triggers these additional reporting requirements under Regulation A's rules. This is a key consideration for companies when determining their compliance responsibilities following an offering.