Underwritten offering

Underwritten offering

Purchase and Sale

A method of underwriting in which an underwriter buys an issue for his/her own account and then attempts to sell the issue to other investors. If the underwriter is unsuccessful in placing the issue, he/she keeps what remains. It contrasts with various other forms of underwriting, notably best-efforts sale, in which the underwriter returns the remaining issue to the issuer. The Bank of Canada uses a form of the purchase and sale method, known as a Purchase and Resale Agreement, when selling its treasury securities. It is also called an underwritten offering.
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DelMar Pharmaceutical announced that the Company anticipates that its current cash position, which includes the $6.7M in net proceeds from the underwritten offering completed August 16, will be sufficient to complete enrollment in all three patient groups of its two ongoing Phase 2 clinical trials for its lead compound, VAL-083, which the Company believes will occur by the Q4 of FY20.
Navidea also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares of common stock to be sold in the offering at the public offering price, less underwriting discounts and commissions in such underwritten offering.
Home service company Frontdoor Inc (NASDAQ:FTDR) said on Wednesday that it has priced its underwritten offering of 16,734,092 shares of its common stock at USD30.00 per share.
International Resource News-June 7, 2018--Entergy Corporation prices registered underwritten offering of 13,289,037 shares of common stock
("Kratos"), announced that it intends to offer for sale in an underwritten offering 12,500,000 shares of its common stock pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").
(Nasdaq: XGTI, XGTIW) has priced an underwritten offering of 1.75m shares of its common stock and warrants to purchase up to an aggregate of 1,312,500 shares of its common stock at a combined offering price of USD 2.00, the company said.
First Internet Bancorp (NASDAQ: INBK) has closed its previously announced underwritten offering of 945,000 shares of its common stock at a price of USD26.50 per share, the company said.
The Legatum Group will receive all the proceeds from the underwritten offering; no shares in the underwritten offering are being sold by Sonus or any of its officers or directors.
has unveiled the pricing of an underwritten offering of units of its common shares, convertible preferred shares and short-term "greenshoe" warrants.
14 March 2013 a[euro]" US investment manager Citadel LLC intends to offer, via an affiliate, some 27.4m common shares in E*TRADE Financial Corp (NASDAQ:ETFC) in an underwritten offering, the online brokerage services provider said.
The company closed its previously announced underwritten offering of an aggregate of 8,000,000 units and 8,000,000 Series B Warrants, each to purchase one unit, at a public offering price of $ 1.25 per unit.
Aircastle Limited (NYSE: AYR), an aircraft leasing company, has announced the closing of its underwritten offering of 15,525,000 common shares at a public offering price of USD33.00 per share.