Abraxas Energy Partners LP SEC filing :
sec.gov
includes:
...We will not receive any of the proceeds from the sale of the common units being sold by the selling unitholders....
sec.gov
and
..."In addition to this offering, we are also filing a shelf registration statement for the resale of the common units held by the Private Investors pursuant to the terms of a registration rights agreement entered into by us and the Private Investors on May 25, 2007. For a discussion of this agreement, please read "Certain Relationships and Related Party Transactions—Summary of Formation Transactions—Registration Rights Agreement." Please also read "Units Eligible for Future Sale" beginning on page 135."...
re Dilution
sec.gov
..."Dilution is the amount by which the offering price paid by the purchasers of units sold in this offering will exceed the net tangible book value per common unit after the offering. Net tangible book value is our total tangible assets less total liabilities. Assuming an initial public offering price of $20.00 per common unit, on a pro forma basis as of March 31, 2007, after giving effect to the Formation Transactions and the offering of common units and the application of the related net proceeds, our net tangible book value would have been $91.7 million, or $6.84 per common unit. Purchasers of common units in this offering will experience substantial and immediate dilution in net tangible book value per common unit for accounting purposes,"...
re selling unitholders
...The selling unitholders named below include some of the Private Investors that acquired common units in connection with our private equity offering. The following table sets forth information concerning the ownership of common units by the selling unitholders immediately before and after this offering...
NOTE:
there are none listed, so far
sec.gov
But, see the the private placement news item, etc for a list of possible UNIT sellers
May 25 2007, Abraxas Forms a Master Limited Partnership and Repays All Outstanding Indebte
abraxaspetroleum.com
..."Abraxas, through certain wholly-owned subsidiaries, sold an approximate 53% interest in the Partnership in a private placement offering for $100 million....The private placement consisted of 6,002,408 common units at a purchase price of $16.66 per unit....
...the Partnership has entered into registration rights agreements with regard to the limited partner units purchased by the investors....
NOTE: Abraxas Petroleum Corporation (ABP) filed SEC on 7,049,617 shares of their common stock being offered by selling stockholders
ABP : Prospectus dated July 9, 2007
(list of SHARE sellers are on pages 18 - 20 )
sec.gov
...This prospectus relates to the offer and sale from time to time of up to an aggregate of 7,049,617 shares of our common stock by the selling stockholders named in this prospectus. The selling stockholders may sell none, some or all of the shares offered by this prospectus. We cannot predict when or in what amounts a selling stockholder may sell any of the shares offered by this prospectus. We will not receive any proceeds from any such sale by any selling stockholder.... |
