Packet 8: Tossup 1

These events can be stabilized by the exercise of a greenshoe clause. (15[1])The 2019 (15[1])adoption of Rule (15[1])163B allows for “testing the waters” prior to one of these events. (15[1])One of these (15[1])events occurs alongside a full demutualization. A lock-up period follows one (15[1])of these events, (-5[2])which can be linked to a firm (15[1])commitment (15[1])or bought (15[1])deal (-5[1])contract. These events are typically preceded by a road show (15[1])and the distribution (15[1])of a (15[1])preliminary or (*) “red herring” document. (10[1])These events (-5[1])can be circumvented through a reverse takeover (-5[4])or (-5[1])by the creation (10[1]-5[1])of a (10[1]-5[1])SPAC (10[2]-5[1])(“spak”). Before (10[1])one of these (10[1])events, (10[1])underwriters must file a Form (-5[1])S-1, (-5[2])including (10[1])a prospectus. (10[1]-5[1])The largest ever one of these events occurred in 2019 (-5[1])and involved (10[1])Saudi (-5[1])Aramco. For 10 (-5[1])points, name these (10[1])events in which a company issues securities (10[1])for sale on the open market. (10[1])■END■ (10[12]0[3])

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