Options For Upsizing A Non-WKSI's Offering

Law360, New York (July 21, 2011, 1:25 PM EDT) -- Well-Known Seasoned Issuers ("WKSIs")[1] benefit from their status in numerous ways, including the automatic effectiveness of their shelf registration statements, the absence of any requirement to specify dollar value or number of shares in registration statements, and their ability to take advantage of "pay as you go" fee flexibility.

In contrast, non-WKSI issuers must specify the maximum aggregate dollar amount of securities offered or a specific number of shares (including a bona fide estimate of the proposed maximum aggregate offering price)[2] when filing a shelf registration...
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