Green Shoe This is an option for the underwriters to acquire from the company and resell up to an additional 15% of the firm commitment stock to cover over-allotments to customers of the firm commitment stock. The option allows the underwriters to obtain some additional stock at the same price as they purchased the firm commitment stock in order to cover excess orders in a rising market immediately following the offering.
Welcome to our Legal Directory Legal & Compliance, LLC is a national corporate and securities law firm that focuses on the specific needs of OTCBB and Bulletin Board Companies. Focus areas include but are not limited to: Contact us immediately for a complimentary initial consultation. Laura Anthony, Founding Partner
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