Notice of Exercise of Over-allotment Option | Practical Law
A letter from the underwriters of a registered offering (or the initial purchasers of an unregistered offering) giving official notice to the issuer of their election to exercise an over-allotment option (also referred to as a green shoe) granted in the underwriting agreement. This Standard Document has integrated notes with important explanations, drafting tips and practical advice to conduct the over-allotment (or green shoe) closing.