Mr Cooper Group Inc (COOP)

[jwnoble3]

This is a shelf registration and its good for years. This does not mean they will raise the full amount.

"Up to $173,638,778,550, or the equivalent thereof in any other currency, of these securities may be offered from time to time, in amounts, on terms and at prices that will be determined at the time they are offered for sale."


http://media.mofo.com/files/Uploads/Images/FAQShelfOfferings.pdf


Public companies do this all the time and leave them in place to take down capital as needed and when optimal.