Mike,
It's a shelf registration.
Everytime a company wants to raise money by selling stock to the public, it has to file its intent to do so with the SEC, along with a lot of other information.
A shelf registration gives a company flexibility by registering stock in advance of when the company might need it - it allows the company to read advantageous market conditions and issue shares accordingly rather than file every time they need the money (there is a waiting period).
-WW
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