How this works
Everything here is read out of filings made to the SEC. Nothing is entered by hand except where a listing says a person checked it.
What an odd-lot priority actually is
A company offering to buy back its shares usually caps how much it will spend. If holders tender more than that, the company takes a fixed proportion from everyone — proration. Many offers exempt holders of fewer than 100 shares, taking their tender in full instead.
Three conditions usually attach, and missing any of them loses the benefit: you must hold fewer than 100 shares, you must tender every one of them, and on many offers you must tick an odd-lot box on the letter of transmittal. Doing nothing is not enough.
Why some offers here are not opportunities
A perfectly worded odd-lot priority is worthless if the shares are not traded, because there is no way to buy them. Non-traded funds run repurchase offers on a schedule with real odd-lot terms and no market to buy into. Those are listed and marked, not hidden.
How sure we are, and how to tell
| Label | What it means |
|---|---|
| Confirmed | Checked by a person against the filing |
| Parsed | Read automatically from the filing |
| Uncertain | Unclear — read the filing yourself |
| Failed | Could not read the filing |
Every listing shows the wording it was read from. If the reading looks wrong to you, the filing is one click away and the filing governs.
What is not read automatically
Price ranges and maximum purchase amounts are not extracted, because they appear in too many forms to read reliably and a wrong number is worse than none. Closing dates are read, but checked against the filing date and refused if they fall outside a sensible window. An offer whose closing date could not be read is shown as open rather than hidden.
Coverage
1291 offers on record, built from tender offer statements and issuer bid filings on SEC EDGAR. Canadian issuers appear here when they are also SEC filers, which covers cross-listed companies but not those listed only in Canada.