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Posted On: 02/11/2021 1:19:24 PM
Post# of 148903
Thanks for the post Marc, I'd never heard of a SPO so I looked it up and got this:
"A secondary offering is the sale of new or closely held shares by a company that has already made an initial public offering (IPO). ... The proceeds from this sale are paid to the stockholders that sell their shares. Meanwhile, a dilutive secondary offering involves creating new shares and offering them for public sale."
With this in mind, could an SPO be done to raise shareholders value to qualify for the uplist to NASDAQ?
"A secondary offering is the sale of new or closely held shares by a company that has already made an initial public offering (IPO). ... The proceeds from this sale are paid to the stockholders that sell their shares. Meanwhile, a dilutive secondary offering involves creating new shares and offering them for public sale."
With this in mind, could an SPO be done to raise shareholders value to qualify for the uplist to NASDAQ?
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