The deal notes.

An announcement describes a proposed transaction. It does not by itself show that the transaction has completed. The agreement, applicable conditions and current status matter.

Closing is the completion step under a transaction’s agreement. The conditions and procedures depend on that agreement and the applicable rules. A signed announcement does not guarantee that closing will occur.

Newly issued shares can raise capital for the issuer. An IPO can also include shares sold by existing holders; proceeds from those sales go to those holders. Check who is selling in the offering.

In an ordinary secondary-market trade, an existing security changes hands between investors. The sale proceeds go to the seller rather than becoming fresh capital for the issuer.

A fixed-rate bond’s contractual coupon is tied to its face value. It does not change simply because the bond trades at a different market price, and it is not a guarantee against default.

Current yield compares the annual coupon amount with the current market price. It leaves out possible capital gains or losses and other elements of a full holding-period return. It is different from yield to maturity.