Which of the following is true regarding Rule 506 private placements?

The option stating that Rule 506 private placements have an unlimited dollar amount is accurate. Under Regulation D of the Securities Act, Rule 506 allows issuers to raise an unlimited amount of money through private placements, which can appeal to issuers looking to attract substantial investments without the restrictions imposed on public offerings.

Private placements under Rule 506 can attract investments from an unlimited number of accredited investors. If the offering includes non-accredited investors, the number is limited to 35, but the capital raised is still unlimited. This flexibility in fundraising makes Rule 506 an attractive option for companies seeking to gather capital.

In the context of private placements, while general solicitation is typically prohibited under certain conditions of Rule 506(b), it is permitted under Rule 506(c) as long as issuers confirm that all purchasers are accredited investors prior to sale. Hence, the assertion that general solicitation is prohibited does not universally apply to all Rule 506 offerings. Therefore, the implications of the other options do not stand up to the flexibility and capacity of Rule 506 in terms of raising capital.