Common Contracts
1 similar Controlled Placement Agreement contracts
Controlled Placement Agreement (CPA) for ASX companiesControlled Placement Agreement • June 6th, 2016
An ATM is a secondary stock offering available to US companies enabling them to sell newly issued shares into the secondary market (i.e. “dribble out” or “reverse buy-back”). The company controls the parameters (e.g. price, timing, volume etc) and is typically done at prevailing market prices through a designated intermediary. ATM use in the US is extensive and growing, with circa 447 companies using ATMs to raise approx. $USD 58b between 2012 and 2014. The market is growing with over $30 billion being raised in 2015. In fact, Bank of America Corp raised over USD $13 billion alone in 2009 (in just 11 days) using an ATM as part of a broader capital management plan. It is used by smaller companies to opportunistically raise capital around news or liquidity events.
