Education is King... Reading is Fundamental
Post# of 32642
Reading is Fundamental
"The Company may offer and sell from time to time"
"Sales of the Placement Shares, if any , pursuant to the Sales Agreement, may be made in sales deemed to be “ at the market offerings”"
The Company has no obligation to sell any of the Placement Shares, and may at any time suspend offers under the Sales Agreement or terminate the Sales Agreement
https://www.sec.gov/ix?doc=/Archives/edgar/da...orm8-k.htm
At-the-Market Offerings: A Good Option When Volatility Is High
An at-the-market program is a good way to diversify a company's capital-raising options, especially now.
A public company is eligible to implement an ATM program if it has a public float of at least $75 million or satisfies certain other qualifying thresholds. However, a company that is able to further qualify as a well-known seasoned issuer (WKSI) may take advantage of a more flexible ATM offering registration process
https://www.cfo.com/capital-markets/2020/07/a...y-is-high/
Many small companies can't do an ATM so they have to raise dough other ways including SPAs and get screwed over big time, but shorts live SPAs
Bring on some Volatility this month