Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
Message: Re: What was the purpose of the $300 million shelf financing?
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Re: What was the purpose of the $300 million shelf financing?
A shelf offering allows a company to register a new issue with the U.S. Securities and Exchange Commission (SEC) and sell the security over a three-year period instead of all at once.
This lets a company adjust the timing of the sales of a new issue to take advantage of more favorable market conditions should they arise in the future.
The company maintains any unissued shares as treasury stock, where they remain “on the shelf” until offered for public sale