Concurrently, with the closure of the public offering
Safehold will sell in a private placement, 6,000,000 shares of common stock at the public offering
price to iStar Inc (NYSE:STAR).
The SEC, when asked for its opinion, told ERC that public offering
under the Securities Regulation Code (SRC) does not necessarily require listing and selling in the Philippine Stock Exchange (PSE) or any stock exchange for that matter, since listing is just one form of public offering
The following modes are considered as public offering
: publication in any newspaper, magazine or printed reading material which is distributed within the Philippines presentation in any public or commercial place advertisement or announcement on radio, television, telephone, electronic communications, information communication technology or any other forms of communications and distribution and/or making available flyers, brochures or any offering material in a public or commercial place or to prospective purchasers through the portal system, information communication technology and other means of information distribution.
Under the public offering
, the company issued 8,000,000 common stock at a price of USD0.75 per share for aggregate gross proceeds of approximately USD6.0m, before deducting the underwriting discounts, commissions and offering expenses.
On May 3, 2019, the underwriters had exercised, in full, their option to purchase additional shares of the company's common stock at the public offering
price less the underwriting discount.
The gross proceeds from the underwritten public offering
and the concurrent registered direct offering, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Pluristem, are expected to be $20 million.
The upsized underwritten public offering
are of an aggregate of 6,500,000 common units representing limited partner interests in the Partnership by NBL Midstream LLC, a subsidiary of Noble Energy Inc.
In order to promote ease of doing business and streamline the entire public offering
process, the numbers of regulations have been reduced to two.
of securities normally known as the primary market is an important segment of the capital market, said a press statement issued by the commission.
Turkey's Capital Markets Board is planning to amend the relevant regulation to facilitate the process of public offering
. The amendment is expected to be finalized soon.
The company has agreed to sell up to an additional 1.5 million shares of common stock at the same public offering
price per share if the underwriters exercise their over-allotment option to purchase additional shares of common stock from the company by July 29, 2006.
* The cross-border income fund permits owners to take up to 90 percent of the aggregate holdings on the initial public offering