Round 8: Tossup 1

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

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