This excerpt taken from the NDAQ 10-K filed Feb 25, 2008.
Public Offerings and Registration of FINRA Warrant Shares
In 2006 and 2005, we completed two public offerings of common stock owned by FINRA. See Note 14, Capital Stock, for further discussion of public offerings.
In May 2006, we began registering for resale up to 14,201,625 shares of common stock issued or issuable upon the exercise of warrants that were sold to investors by FINRA in our 2000 and 2001 private placements. We filed a registration statement and a series of prospectus supplements to register a portion of these shares. We agreed to make the resale registration statement and related prospectus supplements available to selling
The Nasdaq Stock Market, Inc.
Notes to Consolidated Financial Statements(Continued)
stockholders until June 27, 2007, subject to blackout periods and other conditions. After June 27, 2007, all of the warrant shares were eligible for resale under Rule 144 under the Securities Act of 1933, as amended.