Stock Certificate Transmittal Letter
(Public Equity Offering)

Summary

This template may be used to draft a letter from the issuer in a public equity offering to the underwriters to (1) confirm the delivery of the stock certificates and (2) request confirmation of receipt of such certificates. This template includes practical guidance and drafting notes. The letter of transmittal for stock certificates along with the letter of company’s receipt of offering proceeds (memorializing the transfer of funds from the underwriters to the company) are often combined in a form of cross-receipt. For an example template of cross-receipt, see Cross-Receipt (IPO). This transmittal letter may be used for an initial public offering (IPO) or a follow-on offering (i.e., an offering conducted by an issuer following its IPO). For additional documents used for the delivery and payment for equity securities in an underwritten public offering, see Company’s Receipt (Offering Proceeds; Public Equity Offering), Transmittal Letter (Underwriters' Payment to Company; Public Equity Offering), Transmittal Letter (Underwriters' Payment to Custodian; Public Equity Offering), and Representative’s Receipt (Stock Certificates from Company; Public Equity Offering). For additional actions relating to the closing, see Closing Memorandum (IPO). For additional information on underwritten offerings generally, see Initial Public Offerings Resource Kit, Top 10 Practice Tips: Initial Public Offerings, Follow-On Offerings Resource Kit, and Top 10 Practice Tips: Follow-on Offerings.