secondary distribution

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Secondary Distribution

The sale of a security that has already been issued. Generally speaking, it refers to the sale of a security by a private investor (usually a corporation) to a member of the general public. It is also called a secondary offering. See also: Secondary market.

secondary distribution

The sale of a block of existing, not newly issued, securities with the proceeds going to the present holders rather than to the issuing firm. An especially large secondary distribution may put pressure on the security's price until the additional shares or bonds have been assimilated in the market. Also called secondary offering. Compare primary distribution. See also registered secondary distribution, special offering, spot secondary distribution.
References in periodicals archive ?
CancerVax plans to use the proceeds from subsequent offerings to continue the clinical development of its lead specific active immunotherapeutic (SAI) product candidate, Canvaxin(TM), to initiate clinical trials of SAI-EGF, its lead SAI product candidate that targets the EGFR signaling pathway, to further the preclinical development of its other product candidates, including its anti-angiogenic antibodies and peptides, and product candidates based on its T-oligonucleotide technology, and to fund other working capital and general corporate purposes.
These forward-looking statements include statements regarding the intended use of the proceeds from any subsequent offerings.
Registration is also pending in other states for the sale of this and any other subsequent offerings.