Rule 145 is designed to make available the protection provided by registration under the Securities Act of 1933, as amended (Act), to persons who are offered securities in a business combination of the type described in paragraphs (a)(1), (2), and (3) of the rule.
Rule 145 embodies the Commission's determination that such transactions are subject to the registration requirements of the Act, and that the previously existing no-sale theory of
Note 2: A reclassification of securities covered by Rule 145 would be exempt from registration pursuant to section 3(a)(9) or (11) of the Act if the conditions of either of these sections are satisfied.
The 145 theremin is similar to the 144 in most respects, excepting the types of oscillators used.
The approximate operating frequencies for the 145 theremin are 270kHz for the volume circuit and 360kHz for the pitch circuit.
As in the 144 theremin, the 145 features the convenience of low current consumption (less than 20 milliamperes) from a single 9-volt battery, enhancing portability as well as safety in construction and use.
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