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General Motors Co. has announced it has filed a selling shareholders shelf registration statement with the Securities and Exchange Commission registering GM common stock and warrants.
The registration statement will allow selling shareholders to sell registered securities in a public offering. GM is not currently aware of any specific plans regarding an offering by any selling shareholders.
In the event selling shareholders make an offering in the future, the terms would be established at the time of offering and described in a prospectus supplement filed with the SEC. GM will not receive any of the proceeds of sales of common stock or warrants by the selling shareholders as referenced in the shelf registration statement.
In a statement the company argued that the announcement “shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction”.
General Motors Co. and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets.
GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands.
