well-known seasoned issuer


well-known seasoned issuer
well-known seasoned issuer (WKSI)
USA
An issuer that meets all of the following requirements at some point during a 60-day period preceding the date the issuer satisfies its obligation to update its shelf registration statement (generally the date of filing its Form 10-K or Form 20-F):
• It must be eligible to register a primary offering of its securities on Form S-3 or Form F-3.
• As of some date within 60 days of its eligibility determination date, it must have had an outstanding minimum $700 million in worldwide market value of voting and non-voting equity held by non-affiliates or have issued in the last three years at least $1 billion aggregate amount of non-convertible securities other than common equity, in primary offerings for cash, not exchange.
• It must not be an ineligible issuer.
Issuers of asset-backed-securities cannot qualify as well-known seasoned issuers.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • WKSI — well known seasoned issuer (WKSI) USA An issuer that meets all of the following requirements at some point during a 60 day period preceding the date the issuer satisfies its obligation to update its shelf registration statement (generally the… …   Law dictionary

  • Form F-3 — USA A short form registration statement that can be used by foreign private issuers that meet certain company and transaction requirements established by the SEC. Form F 3 consists primarily of the specific transaction information. Form F 3… …   Law dictionary

  • Macau — Aomen redirects here. For the island in the Pacific Ocean, see Aomen (Bikini Atoll). For other uses, see Macau (disambiguation). Coordinates: 22°10′N 113°33′E / 22.167°N 113.55°E …   Wikipedia

  • Initial public offering — (IPO), also referred to simply as a public offering , is when a company issues common stock or shares to the public for the first time. They are often issued by smaller, younger companies seeking capital to expand, but can also be done by large… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.