A more thorough explanation:

A large accelerated filer is a type of company that has to meet shorter deadlines to file their periodic reports. The Securities and Exchange Commission (SEC) has set rules to determine which companies are considered large accelerated filers.

To be a large accelerated filer, a company must:

• Have a public float of more than $700 million
• Have been filing periodic reports for at least 12 months
• Have previously filed at least one annual report (such as Form 10-K)
• Not be a smaller reporting company

For example, if a company has a public float of $800 million, has been filing periodic reports for 18 months, has filed an annual report, and is not a smaller reporting company, it would be considered a large accelerated filer.

Once a company is classified as a large accelerated filer, it has 60 days to file its Form 10-K and 40 days to file its Form 10-Q.

Overall, being a large accelerated filer means that a company has to meet stricter reporting requirements and deadlines. This is because these companies are typically larger and more complex, and their financial information is more important to investors and the public.