Desktop Reference - Acquired Business Financial Statements

Frankie, recent heir to Brooklyn Hipster Butcher Company, has decided to take his company public.  While preparing the registration statement for the IPO, Frankie wonders whether a small processing plant he purchased 80 days ago constitutes as a significant acquisition.

Frankie asks you “What are the rules for including a recently acquired business’s financial statements in a prospectus? And, more importantly, what makes an acquisition significant enough to require its financial statements on the prospectus at all?”  You don’t want to tell him “fuggedaboutit,” so you turn to Latham’s guide to help him determine when the financial statements of a newly acquired business have to be included in a prospectus.