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Posted On: 11/04/2025 9:23:28 AM
Post# of 158771
From the S3 -- *Unless otherwise set forth in a prospectus supplement accompanying this prospectus, we may sell the securities being offered hereby, from time to time, by one or more of the following methods: .....drop down to this:
** to investors directly in negotiated sales or in competitively bid transactions **
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Hit Google:
Competitively bidding on transactions is a process where multiple parties submit offers to win a contract, acquire an asset, or provide goods/services, with the goal of achieving the best possible terms for the buyer or issuer. This method is used in government procurement, construction, and financial markets for public offerings of securities. The process typically involves issuing a solicitation, such as a Request for Proposal (RFP), and evaluating bids based on criteria like price, quality, and reliability to award the contract to the most qualified bidder.
How competitive bidding works
Solicitation: The buyer issues a formal request for bids, which details the requirements for the goods, services, or project.
Bid submission: Interested parties (vendors or suppliers) submit sealed bids with their proposed prices and terms by a specified deadline.
Evaluation: The bids are evaluated based on pre-determined criteria, which can include price, quality, capability, and delivery time.
Award: The contract is awarded to the bidder who offers the best overall value, which is often the lowest price but can also consider other factors.
Where competitive bidding is used
Government procurement: Governments use this process to acquire goods and services for public projects, ensuring transparency and fairness.
Corporate transactions: Companies use it for large-scale purchases and in financial markets for things like public debt offerings or initial public offerings (IPOs).
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Keep in mind Mr. Hoffman for 10 years advised the US Govt on their United States financial policies. Can't say for sure why this process is in the S3, but hus Yorkville deal is just the tip of his knowkedge.
** to investors directly in negotiated sales or in competitively bid transactions **
____
Hit Google:
Competitively bidding on transactions is a process where multiple parties submit offers to win a contract, acquire an asset, or provide goods/services, with the goal of achieving the best possible terms for the buyer or issuer. This method is used in government procurement, construction, and financial markets for public offerings of securities. The process typically involves issuing a solicitation, such as a Request for Proposal (RFP), and evaluating bids based on criteria like price, quality, and reliability to award the contract to the most qualified bidder.
How competitive bidding works
Solicitation: The buyer issues a formal request for bids, which details the requirements for the goods, services, or project.
Bid submission: Interested parties (vendors or suppliers) submit sealed bids with their proposed prices and terms by a specified deadline.
Evaluation: The bids are evaluated based on pre-determined criteria, which can include price, quality, capability, and delivery time.
Award: The contract is awarded to the bidder who offers the best overall value, which is often the lowest price but can also consider other factors.
Where competitive bidding is used
Government procurement: Governments use this process to acquire goods and services for public projects, ensuring transparency and fairness.
Corporate transactions: Companies use it for large-scale purchases and in financial markets for things like public debt offerings or initial public offerings (IPOs).
___
Keep in mind Mr. Hoffman for 10 years advised the US Govt on their United States financial policies. Can't say for sure why this process is in the S3, but hus Yorkville deal is just the tip of his knowkedge.
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