Niocorp Developments Ltd (NB)

[Middleborder]

? What Is a Shelf Offering? From investopedia.

(https://www.investopedia.com/terms/s/shelfoffering.asp)

A shelf offering is a Securities and Exchange Commission (SEC) provision that allows an equity issuer (such as a corporation) to register a new issue of securities without having to sell the entire issue at once. The issuer can instead sell portions of the issue over a three-year period without re-registering the security or incurring penalties.1?

A shelf offering is also known as a shelf registration; it is formally known as SEC Rule 415.1?
Key Takeaways

A shelf offering allows a company to register a new issue with the SEC but allowing for a three year period to sell the offering instead of all-at-once.
This lets a company adjust the timing of the sales of a new issue to take advantage of more favorable market conditions should they arise in the future.
The company maintains any unissued shares as treasury stock, where they remain "on the shelf" until offered for public sale.

Advantages of Shelf Offerings

A shelf offering provides an issuing company with tight control over the process of offering new shares. It allows the company to control the shares' price by allowing the investment to manage the supply of its security in the market. A shelf offering also enables a company to save on the cost of registration with the SEC by not having to re-register each time it wants to release new shares.

If a company has a long term new security issuing plan, the process of shelf registration allows it to address multiple issues of a particular security within a single registration statement. This can be simpler to create and manage, since multiple filings are not required, lowering administrative costs for the business as a whole. Further, no maintenance requirements exist beyond standard reporting, because shelf registrations do not create an additional burden while they are waiting for issue.

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This could be done to issue shares in conjunction with positive news? Or, shares that go to Lind. A Jim Question I suppose.