Spot secondary

Spot secondary

Secondary distribution that may not require an SEC registration statement and may be attempted without delay. An underwriting discount is normally included in these offerings.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Spot Secondary

A secondary offering that is not registered with the SEC. A spot secondary must meet certain requirements in order to avoid registration. Specifically, they are usually offered to institutional investors rather than the general public. Generally speaking, a spot secondary is faster than other secondary offerings; issuers usually offer a discount for underwriting services on a spot secondary.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
ALSO LOWER: Cara Therapeutics (CARA), down 10% after its 5.5M share spot secondary priced at $23 per share.
Medical Properties Trust (MPW), down 4% after a 45M share spot secondary priced at $17.29.
Brookfield Infrastructure (BIP), down 3% after a 11.765M share spot secondary priced at $42.50 per share.
Sunesis (SNSS), down 23% after its 33.3M share spot secondary priced at 60c.
Odonate Therapeutics (ODT), down 4% after its 4.75M share spot secondary priced at $26.00.
ArQule (ARQL), up 3% after its 9.25M share spot secondary priced at $9.75 per share.
Cryoport (CYRX), down 6% after a 3.75M share spot secondary priced at $17.00 per share.
Rockwell Medical (RMTI), down 28% after its 5.83M share spot secondary offering priced at $3 per share...
Hercules Capital (HTGC), down 2% after its 5M share spot secondary priced at $12.64 per share.
Plymouth Industrial REIT (PLYM), down 9% after a 3M share spot secondary priced at $17.50 per share.
JinkoSolar (JKS), down 7% after its 4.063M share spot secondary offering of stock...
Eiger BioPharmaceuticals (EIGR), down 11% after its 4.5M share spot secondary priced at $11.00 per share.