How is public float calculated?
Calculating public float: Paragraph (f), Item 10, Regulation S-K: “number of outstanding shares of voting and non-voting equity held by non-affiliates”: the market value of common equity held by non-affiliates. Public float is initially calculated within 30 days of filing registration statement. It is the estimated offering price per share multiplied by the number of shares held by non-affiliates before the offering plus the number of shares to be sold in offering.
