The following entities are typical examples of QIBs, provided they meet the financial thresholds mentioned above:

: Must own/invest $100 million in securities and maintain an audited net worth of at least $25 million . Examples of Qualified Institutional Buyers

: Must own/invest at least $100 million in non-affiliated securities.

A is an entity recognized by the U.S. Securities and Exchange Commission (SEC) as a highly sophisticated investor capable of managing large-scale investments without the standard regulatory protections required for retail investors. Core Qualification Criteria