Bought deal overhangIn a bought deal, brokers buy shares from the company, and then resell them to investors. They will keep trying, inventory the shares they now own, or eventually sell them on the market.
Generally the price drops to the bought deal price for a while then carries on what it was doing, as most investors look at the chart and stop their research there.
(from various sources)
Selling pressure should be over today or early next week.