Proceeds of the IPO. The IPO will be a primary offering of PFSweb Common Stock and the net proceeds of the IPO will be retained by PFSweb, subject to the payments to be made under the Separation Agreement.
Appears in 3 contracts
Sources: Initial Public Offering and Distribution Agreement (Pfsweb Inc), Initial Public Offering and Distribution Agreement (Daisytek International Corporation /De/), Master Separation Agreement (Pfsweb Inc)