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.

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.
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.