Closing Agenda

Business, Legal & Accounting Glossary

Definition: Closing Agenda


Closing Agenda


Full Definition of Closing Agenda


The closing agenda is a critical document that details the procedures for closing an initial public offering (IPO) or business sale. Generally referred to as a closing memorandum, it consists of the following:

  • provides names of the working group members of the IPO or business sale;
  • summarizes the important events occurring prior to and during the registration;
  • provides the list of closure documents delivered at the closure of the offer and by each party; and
  • has an annexure of standard formats for
    receipts,
    certificates,
    transmittal, and
    important instructions among other critical documents expected to be delivered by each party for completing the settlement.

The closing agenda is critical to the success of an initial public offering or sales process because it is used to finalise the sale of shares or other securities in exchange for cash. This step satisfies the regulatory requirements for an initial public offering by allowing the seller of the security to receive cash while the investor receives the securities.

The closing agenda lays out the procedure for concluding. It tells the associated parties about the people in the working group and all the documents delivered in the settlement of the offer of the sale of securities to various parties. The underwriters and the organization’s attorneys handle the closing. Counsel for the underwriter prepares the closing memorandum, detailing the process of closing as per the regulatory norms. Before the closing, various documents are inspected for original signatures.

A list of delivered documents at closure can include:

  • legal opinions;
  • agreements signed and executed by the parties;
  • cross receipts;
  • third party certificates;
  • comfort letters; and
  • other closure certificates as required.

Related Phrases


Stock Purchase Agreement
Asset Purchase Agreement
Prospectus
Offering Memorandum


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Definition Sources


Definitions for Closing Agenda are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th January, 2022 | 0 Views.