Odd Lot Index

InvenTrust Properties Corp. IVT

Not traded — nothing to buy

Read automatically from the filing
The filing says these shares are not traded on any market. The odd-lot term may be real, but there is no way to buy the shares, so there is no trade here.
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2021-11-08
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated
Cleared at$25.00
Most an odd-lot tender could be$2,475.00

How it finished

Expired2021-11-08
Shares accepted40,000,000

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

expiry = 2021-11-08...SE UP TO $100 MILLION OF ITS SHARES OF OUTSTANDING COMMON STOCK FOR CASH AT A PURCHASE PRICE OF NOT GREATER THAN $28.00 OR LESS THAN $25.00 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, AT THE END OF THE DAY ON NOVEMBER 8, 2021, UNLESS EXTENDED OR WITHDRAWN Dear Stockholder: InvenTrust Properties Corp. (the “Company”) is offering to purchase shares of the Company’s common stock, par value $0.001 per share (“Shares” or “Common Stock”), for cash in an amount up to...
expiry = 2021-11-08...et-point list under the subheading entitled “Incorporation by Reference” the following: “On November 9, 2021, the Company issued a press release announcing the preliminary results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. A copy of such press release is filed as Exhibit (a)(5)(C) to this Amendment and is incorporated by reference herein.” Item 12. Exhibits Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit: “(a)(5...
expiry = 2021-11-08...and the Schedule TO is expressly incorporated by reference herein. The following information is provided pursuant to Rule 13e-4(c)(4): • The Company has received the final results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of share...
listed = True...ments thereto, collectively constitute the “Offer.” On October 12, 2021, shares of our Common Stock were listed on the New York Stock Exchange (the “NYSE”) and began trading under the symbol “IVT”. Because October 12, 2021 is the first day on which the Shares traded on the NYSE, we cannot provide a market price for the Shares. Tendering stockholders whose Shares are accepted for payment will lose the opportunity to trade such Shares and the chance to participate in any future market upside and future growth of the Company with respect to such Shares. The trading price of our Shares on the NYSE may be higher or...
mechanism = DUTCH...the Company’s Common Stock following the listing. Overall, we believe that the Offer is a prudent use of our financial resources given our business profile, capital structure and assets and liabilities. As a way to further the dual purposes of the Offer, the modified “Dutch Auction” tender offer set forth in this Offer to Purchase represents an efficient mechanism to provide our stockholders who desire liquidity with the opportunity to tender Shares, while also providing a benefit to those stockholders who do not participate in the Offer, as such non-participants will automatically increase their relative percentag...
mechanism = FIXED...to Rule 13e-4(c)(4): • The Company has received the final results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of shares of common stock that the Company has accepted to purchase in the Offer represents approximately 5.6% of the total number of shares of common stock outstanding as of November 8, 2021. • Stockholders who properly tender...
must_tender_all = True...Shares as of 5 September 30, 2021 and if the Purchase Price is equal to the highest price within our range, we could purchase up to 3,571,429 Shares representing approximately 5.0% of the outstanding Shares as of September 30, 2021. Additionally, stockholders who tender all of their Shares will give up the opportunity to participate in any future benefits from owning Shares including the right to any future dividends or distributions that we may pay. The Purchase Price per Share paid to tendering stockholders may be less than the total amount which might otherwise be received by stockholders at a later date. The purchase o...
price = USD 25.0...which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of shares of common stock that the Company has accepted to purchase in the Offer represents approximately 5...
priority = True...e Offer by up to 2% of the outstanding Shares without amending or extending the Offer. Properly tendering Shares at $25.00 per Share assures you that at least a portion of your Shares will be purchased so long as we purchase Shares under the Offer (subject to provisions relating to “odd lot” priority and proration described herein). If you tender Shares at any of the other prices in the range, there is a possibility that none of those Shares will be purchased. Regardless of the prices at which you choose to tender Shares, all of the Shares purchased pursuant to the Offer will be purchased for the same price. If you tender Shares for...
threshold = 100...than $100 million in value of Shares are properly tendered and not properly withdrawn, we will purchase Shares on the following basis: • First, we will purchase all the Shares properly tendered at or below the Purchase Price and not properly withdrawn by any “odd lot holder” (a stockholder of fewer than 100 Shares) who tenders all of that holder’s Shares; and • Second, after the purchase of all the Shares properly tendered and not properly withdrawn by odd lot holders, we will purchase all other Shares properly tendered and not properly withdrawn at or below the Purchase Price, on a pro rata basis with appropriate adjustments to avoid the purchase...
txn_type = CONSOLIDATION...se Price may be purchased if more than $100 million in the aggregate value of Shares are properly tendered and not properly withdrawn. As of September 30, 2021, there were 71,261,403 shares of Common Stock issued and outstanding, as adjusted for a one-for-ten reverse stock split effective August 5, 2021 (the “Reverse Split”). Unless otherwise stated, all figures herein reflect the Reverse Split. From time to time, and generally annually, we have published an estimated per share value of our Common Stock to assist broker dealers that sold our Shares in our initial and follow-on “best efforts” offering to comply w...
txn_type = TENDER_OFFER...tendering stockholders of not greater than $28.00 nor less than $25.00 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 12, 2021 (the “Offer to Purchase”), and in the related Letter of Transmittal and Important Instructions and Information, copies of which were previously filed with the Schedule TO as Exhibits (a)(1)(A), (a)(1)(B) and (a)(1)(C), respectively (which together, as amended or supplemented from time to time, constitute the “Offe...
txn_type = TENDER_OFFER...tendering stockholders of not greater than $28.00 nor less than $25.00 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 12, 2021 (the “Offer to Purchase”), and in the related Letter of Transmittal and Important Instructions and Information, copies of which were previously filed with the Schedule TO as Exhibits (a)(1)(A), (a)(1)(B) and (a)(1)(C), respectively (which together, as amended or supplemented from time to time, constitute the “Offe...
accepted = 40000000...suant to Rule 13e-4(c)(4): • The Company has received the final results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of shares of common stock that the Company has accepted to purchase in the Offer represents approximately 5...
expired_on = 2021-11-08...and the Schedule TO is expressly incorporated by reference herein. The following information is provided pursuant to Rule 13e-4(c)(4): • The Company has received the final results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of shares of common stock that the Company has a...
final_price = 25.0...nal results of the Offer, which expired at 12:00 midnight, New York City Time, at the end of the day on November 8, 2021. • The Company has accepted for purchase 4,000,0000 shares of its common stock at a purchase price of $25.00 per share, for an aggregate purchase price of $100 million, excluding fees and expenses relating to the Offer. The number of shares of common stock that the Company has accepted to purchase in the Offer represents approximately 5.6% of the total number of shares of common stock outstandin...

The filings

FiledFormRoleOn EDGAR
2021-10-12SC TO-Ioriginal (governing)View
2021-11-09SC TO-I/AamendmentView
2021-11-12SC TO-I/AamendmentView