Underwriters Cutback

Underwriters Cutback. Means a reduction in the number of shares to be included in any underwritten offering as the result of receipt of written notice from the representative(s) of the underwriters to the effect that the number of shares requested to be included in such registration exceeds the number which, in the representative's judgment, can be sold in an orderly manner in such offering with a price range acceptable to either the Company (in a primary registration) or the majority of the holders initially... requesting such registration (in a secondary registration). View More