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 ?
1 million shares in up to three subsequent offerings pursuant to the share lending agreement.
8 million additional shares in subsequent offerings pursuant to the share lending agreement.
As part of the IDT strategy for supporting standards-based switching solutions, IDT may leverage this technology as the basis for subsequent offerings related to the connectivity and interworking of various endpoint devices, including NPUs, microprocessors, DSPs and CPUs.
The community based bank holding company indicated that subsequent offerings, if any, under the terms of the shelf registration could include any or all of common stock, preferred stock, debt, depositary shares, warrants, purchase contracts or units.
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.
The complaint alleges that Aether violated the federal securities laws by issuing and selling Aether shares pursuant to the IPO and subsequent offerings without disclosing to investors that certain of the underwriters had solicited and received excessive and undisclosed commissions through kickbacks from certain investors in exchange for Aether shares at the IPO price of $16.
Registration is also pending in other states for the sale of this and any other subsequent offerings.