Which of the following is false with respect to a reverse acquisition:

Only a transaction which usese solely stock as consideration can give rise to a reverse acquisition

Former shareholders of BigCo must own more than $50\%$ of the FMV of LittleCo's outstanding stock as a result of owning BigCo's stock.

Neither the target nor the acquiring corporation has to be a member of an affiliated$/$consolidated group prior to the acquisition for reverse acquisition rules to apply.

The target's $($BigCo$)$ consolidated group survives as a result of a reverse acquisition