Red-herring prospectus" means a prospectus that does not have complete particulars on the price of the securities offered and quantum of securities offered. The red herring statement contains:
purpose of the issue;
disclosure of any option agreement;
underwriter's commissions and discounts;
promotion expenses;
net proceeds to the issuing company (issuer);
balance sheet;
earnings statements for last 3 years, if available;
names and address of all officers, directors, underwriters and stockholders owning 10% or more of the current outstanding stock;
copy of the underwriting agreement;
legal opinion on the issue;
copies of the articles of incorporation of the issuer.