RE:RE:RE:RE:ANother offering for DFN i see.Have to disagree with you there, they sell more common shares in the ATM program than preferreds. That evidence was shown in the February offering that raised 92 million $$.
Unless you are saying they are will allow only common shares to bef retracted and not preferreds....
At any rate they had to even up the share count back in February and i believe they are doing it again.
In the ATM NR, it did NOT state that inverstors had to buy units, only that the company could sell shares from the treasury in either one.
Dividend 15 Split to list additional shares Feb. 17
2021-02-12 17:57 MT - Prospectus Approved
The Toronto Stock Exchange reports that Dividend 15 Split Corp. will list up to an additional 3,916,000 Class A shares and 6,416,000 preferred shares on the TSX at the open on Feb. 17, 2021. According to the TSX, the listing will cover shares to be issued at $7.15 per Class A share and $10 per preferred share, pursuant to the terms of a prospectus supplement dated Feb. 10, 2021.
slst wrote:
I think there is a missunderstanding on the ATM program. It does NOT mean the company can sell its shares in the Market everyday!
It means that a large investor or brokerage house can offer a financing "at the Market Price" and the company can skip the detailed and costly filing of an Offering Memorandum document that is normally required.
That is why when they anounced it, they declared the trading prices the day before that was closer to the 8.15 price for A and 10.15 for preferreds.
They only time there is a difference between the preferreds and commons is when they offer a retraction and more of one is offerred than the other type of shares.