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For example, a financial institution writes a mortgage for a consumer, creating the mortgage security. The bank can then sell it to Fannie Mae on the secondary market in a secondary transaction.
Secondary Share Stock Purchase Agreement means the agreement among the Investor and the Selling Stockholders, to be dated as of the date of this Agreement, in form and substance satisfactory to the Investor in its sole discretion.
A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.
Secondary Acquisition means acquisition of existing Shares of the Company by the Trust on the platform of a recognized Stock Exchange for cash consideration.
Primary shares are those that are issued directly by a company when it goes public. Secondary shares, on the other hand, are those that are traded on the secondary market, typically by investors who already own the shares.
What is a Secondary Purchase? Secondary purchase is a term used in the finance market. It describes the act of purchasing an already existing stock or securities from other investors.