SEC regulations permit a company to issue securities exempted from registration requirements of the Securities Act of 1933 under which of the following conditions?

This option is incorrect because the aggregate price of offerings does not determine the exemption from registration. Instead, SEC regulations focus on the type of investors involved and the manner of solicitation, rather than solely the amount raised. Therefore, while offerings may exceed $5 million, that alone does not qualify them for exemption.

This choice is also incorrect since general solicitation is not permitted when non-accredited investors are involved unless specific conditions are met, such as under Regulation A. Thus, selling to non-accredited investors while using general solicitation does not align with the exemption criteria outlined by SEC regulations.

This option is incorrect because it misconstrues the requirements for SEC exemptions. While there is a provision for offerings to non-accredited investors, it restricts the total number of non-accredited investors significantly. Specifically, offerings under Regulation D must limit non-accredited investors to a maximum of 35, which contradicts the claim of an unlimited number.