What type of offering assures the issuing corporation of receiving the full amount of the offering?

A firm commitment offering ensures that the issuing corporation receives the full amount of the offering by having the underwriter agree to purchase all the securities being offered, regardless of whether they can sell them to investors. This arrangement means that the corporation is guaranteed to receive the proceeds from the sale, allowing them to fund projects or meet financial goals without uncertainty about the funds.

In this type of offering, the underwriter takes on the risk of selling the securities to the public. If the underwriter cannot sell all of the securities, they are still obligated to pay the issuing corporation the full amount agreed upon. This makes it a secure option for the issuing corporation, as they are assured of raising the expected funds without the worry of underperformance in the market.

In contrast, a best efforts offering does not guarantee the issuer will receive the full amount since the underwriter only commits to selling as much of the offering as possible, without the obligation to buy any unsold shares. An all-or-none offering requires that all the shares be sold for the issuer to receive any funds, which can be risky if there is not enough interest from investors. A contingency offering typically depends on certain conditions being met before the sale can proceed, adding further uncertainty to the amount of money the issuer