If not all warrants are exercised, those warrant holders who exercise all of their warrants will be able to
purchase additional common shares at the exercise price ($ 53) on a pro rata basis.
We purchased additional common shares of Kingstone Companies, Inc. (NASDAQ: KINS) in late January when the company raised capital in a follow - on offering at $ 12 per share.
Not exact matches
HOUSTON, April 20, 2018 (GLOBE NEWSWIRE)-- Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) a clinical stage biopharmaceutical company focused on discovering and developing cellular immunotherapies for cancers and orphan inherited blood disorders, today announced the closing of its previously announced underwritten public offering of 9,200,000
shares of its
common stock, including 1,200,000
shares sold pursuant to the underwriters» full exercise of their option to
purchase additional shares, at a public offering price of $ 7.50 per
share.
«However, Berkshire routinely assesses market conditions and may decide to
purchase additional shares of
common stock of Wells Fargo based on its evaluation of the investment opportunity presented by such
purchases.»
Bellicum expects to grant the underwriters of the offering a 30 - day option to
purchase up to an
additional 1,050,000
shares of its
common stock at the public offering price, less the underwriting discounts and commissions.
Pursuant to the offering, Centene granted the underwriters an option to
purchase from the Company up to an
additional $ 260 million in
shares of
common stock.
Cenovus has granted the underwriters an over-allotment option to
purchase up to an
additional 10.125 million
common shares at the offering price for up to 30 days after closing.
DALLAS, April 19, 2017 / PRNewswire / — NexPoint Credit Strategies Fund (NYSE: NHF)(the «Fund») today announced the commencement of a non-transferable rights offering to
purchase additional shares of
common stock of the Fund (the «Offering») as the Fund's registration statement has been declared effective by the Securities and Exchange Commission.
In connection with the acquisition of XA Secure, the Company also issued 265,012
shares of restricted stock, issued 318,966 options to
purchase the Company's
common stock and may be required to pay an
additional $ 3.92 million to certain key employee - shareholders of XA Secure.
The table above does not include (i) 5,952,917
shares of Class A
common stock reserved for issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486
shares of Class A
common stock issuable upon exercise of options to
purchase shares of Class A
common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation — New Equity Awards,» and (y) 3,263,431
additional shares of Class A
common stock reserved for future issuance and (ii) 24,269,792
shares of Class A
common stock issuable to the Continuing SSE Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
If any
additional shares of Class A
common stock are
purchased, the underwriters will offer the
additional shares on the same terms as those on which the
shares are being offered.
You will experience
additional dilution when those holding options exercise their right to
purchase common stock under our equity incentive plans, when RSUs vest and settle, when we issue restricted stock to our employees under our equity incentive plans, or when we otherwise issue
additional shares of our
common stock.
Except as otherwise indicated, the discussion and the tables above assume no exercise of the underwriters» option to
purchase additional shares of Class A
common stock.
The table assumes no exercise by the underwriters of their option to
purchase additional shares of Class A
common stock.
The adjustment assumes there will be no
additional distribution in the event the gross proceeds from the offering exceed the anticipated gross proceeds (including as a result of the exercise by the underwriters of their option to
purchase additional shares of Class A
common stock).
The Company's board of directors also approved an
additional distribution to its members, to the extent the gross proceeds of the Company's planned initial public offering exceed the anticipated gross proceeds (including as a result of the exercise by the underwriters of their option to
purchase additional shares of Class A
common stock), in an amount equal to the product of (A) the increased gross proceeds and (B) 0.273, to be paid from the proceeds of the Company's planned initial public offering.
On the date the
shares subject to this offering are priced, each non-employee director who, as of the date of this offering, is serving on our board of directors and is expected to continue his or her service following this offering will be granted (a) an option to
purchase shares of our Class A
common stock with a grant date fair value of $ 50,000 (or, if such director is unaffiliated with any significant stockholder of the Company, $ 75,000) and (b) to the extent such director is (i) unaffiliated with any significant stockholder of the Company and (ii) the chairman of any committee of our board of directors, an
additional option to
purchase shares of our Class A
common stock with a fair value of $ 10,000 with respect to each such chairmanship.
The diagram below depicts our organizational structure immediately following this offering assuming no exercise by the underwriters of their option to
purchase additional shares of Class A
common stock.
Upon the completion of this offering and after giving effect to the planned recapitalization of our
common stock into a single class of
common stock and stock split, SIH will own
shares of our outstanding
common stock (representing % of the
shares outstanding), our founders and their family trusts will own an aggregate
shares of our outstanding
common stock (representing % of the
shares outstanding) and our employees who received
shares upon the liquidation of the special purpose employee ownership vehicle will own
shares of our outstanding
common stock under a restricted stock award (representing % of the
shares outstanding), in each case as it relates to the percentage ownership assuming that the underwriters do not exercise their option to
purchase additional shares.
Our principal stockholders, funds affiliated with or related to Cyrus Capital Partners, L.P. (which we refer to in this prospectus collectively as «Cyrus Capital») and affiliates of Virgin Group Holdings Limited (which we refer to in this prospectus collectively as the «Virgin Group»), as selling stockholders, have granted the underwriters an option to
purchase up to
additional shares of
common stock at the initial public offering price less the underwriting discount solely to cover overallotments.
Following the 2014 Recapitalization, we may have
additional outstanding warrants to
purchase shares of our
common stock.
The Company has granted the Agents an over-allotment option, exercisable in whole or in part, for a period of 30 days following the closing of the Offering, to
purchase up to an
additional 4,726,500 Units at $ 3.65 per Unit, 4,726,500
Common Shares at the price of $ 3.62 per
Share or 2,363,250 Warrants at the price of $ 0.06 per Warrant, or any combination thereof.
In addition, Dropbox has granted the underwriters a 30 - day option to
purchase up to 5,400,000
additional shares of Class A
common stock at the initial public offering price less underwriting discounts.
Rio Tinto has acquired an
additional 3,700,000
common shares in Ivanhoe Mines Ltd. through a wholly - owned subsidiary, Rio Tinto International Holdings Limited, increasing Rio Tinto's ownership in Ivanhoe Mines by 0.5 per cent to a total of 361,858,442
common shares or 49 per cent through a privately negotiated
share purchase agreement.
DALLAS, April 20, 2018 / PRNewswire / — NexPoint Strategic Opportunities Fund (NYSE: NHF)(the «Fund»), formerly known as NexPoint Credit Strategies Fund, today announced the commencement of a non-transferable rights offering to
purchase additional shares of
common stock of the Fund (the «Offering»).
Tallwood will also receive warrants to
purchase an
additional 7.8 million
shares of
common stock at $ 1.75 per
share.
The warrants entitle the holder to
purchase additional GYRO
shares on the following terms; a warrant holder who exercises his / her warrants can
purchase one
common share of Gyrodyne at $ 53.00 for every 7.5 warrants exercised.
This is predicated not on selling your
common stock positions during market declines, but on having the perseverance to use these inevitable sell - offs to
purchase additional shares at lower prices.
Davis Polk advised Equinix, Inc. on its SEC - registered follow - on public offering of 6,069,444
shares of
common stock including 791,666
shares that the underwriters
purchased pursuant to their option to
purchase additional shares.
Davis Polk advised Goosehead Insurance, Inc. on its $ 98.095 million initial public offering of 9,809,500
shares of Class A
common stock, which includes the full exercise of the underwriters» option to
purchase additional shares.
Davis Polk advised the several underwriters in connection with the $ 4.8 billion secondary offering of 66,000,000
shares of
common stock of Hilton Worldwide Holdings Inc. by a selling stockholder affiliated with HNA Tourism Group Co., Ltd., which included the full exercise of the underwriters» option to
purchase additional shares.
Davis Polk advised the joint book - running managers in connection with the $ 124.8 million initial public offering of 3,565,000
shares of
common stock of Metropolitan Bank Holding Corp., which includes the full exercise of the underwriters» option to
purchase additional shares.
Davis Polk advised the joint book - running managers in connection with the $ 155.2 million SEC - registered follow - on offering of 4,531,001
shares of Class A
common stock of Hamilton Lane Incorporated, which included 3,834,686
shares sold by the company and 696,315
shares sold by selling stockholders and the full exercise of the underwriters» option to
purchase additional shares from the company.
Foley Hoag LLP congratulates client Applied Genetic Technologies Corporation (Nasdaq: AGTC) on the closing of its public offering of 2 million
shares of its
common stock, at the price of $ 15.00 per
share, and the exercise in full by the underwriters of their option to
purchase 300,000
additional shares of
common stock.
Overstock also expects to grant to the underwriters a 30 - day option to
purchase up to 600,000
additional shares of its
common stock in the offering.
The underwriters will be granted a 30 - day option to
purchase up to an
additional 2.625 million
shares of
common stock.
The Company has also granted the underwriters a 30 - day over-allotment option to
purchase up to an
additional 1,200,000
common shares of the Company at the Offering Price.