EFTA Document EFTA01378062

price at which the underwriters may purchase shares through the over-allotment option. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the common stock in the open market that could adversely affect investors who purchase in 155 Table of this offering. To the extent that the underwriters create a naked short position, they will purchase shares in the open market to cover the position. The underwriters