👉 Proredemption is a legal concept in the context of securities law, specifically related to options. It refers to the right of shareholders to redeem their options at a predetermined price within a specified period after they have been issued and exercised. In simple terms, it means that a company can't sell its options until they've expired, as long as the number of options outstanding is not zero. This allows companies to use the option market for selling stock rather than issuing new shares, which could dilute existing
