A King Washington Subscription Receipt is a financial instrument that represents a conditional right to acquire common shares of King Washington Inc., a company listed on a stock exchange. It is issued to investors who have participated in a public offering or private placement of the company's shares. The purpose of a King Washington Subscription Receipt is to provide investors with a temporary placeholder for their investment until certain predetermined conditions are met. These conditions usually include regulatory approvals, completion of a specific transaction, or the occurrence of a particular event. Once these conditions are satisfied, the subscription receipts can be exchanged for common shares of King Washington Inc. There are generally two types of King Washington Subscription Receipts: 1. Public Offering Subscription Receipts: These are issued to investors who participate in a public offering of King Washington Inc.'s shares. The company may decide to conduct a public offering to raise capital for various purposes such as expansion, acquisitions, or debt repayment. These subscription receipts are typically listed on a stock exchange and can be freely traded by investors until they are converted into common shares. 2. Private Placement Subscription Receipts: These are issued to investors who participate in a private placement of King Washington Inc.'s shares. A private placement involves offering shares directly to a select group of investors, often institutional investors or high-net-worth individuals. The conditions for conversion and redemption of private placement subscription receipts are typically outlined in a subscription agreement between the company and the investor. The conversion of a King Washington Subscription Receipt into common shares is triggered once the predetermined conditions are met. At that point, each subscription receipt is exchanged for a specific number of common shares, which are then deposited into the investor's brokerage account. The conversion ratio is defined in the terms of the subscription receipt offering. Investors should carefully review the terms and conditions associated with King Washington Subscription Receipts before investing. The value of these instruments may fluctuate, as they are subject to market conditions and the successful fulfillment of the predetermined conditions. It is also essential to consider the financial health and prospects of King Washington Inc. before deciding to invest in their subscription receipts.
Para su conveniencia, debajo del texto en espaƱol le brindamos la versiĆ³n completa de este formulario en inglĆ©s. For your convenience, the complete English version of this form is attached below the Spanish version.