other material
confidence high
sentiment neutral
materiality 0.55
Spruce Biosciences enters ATM offering for up to $21M in common stock
SPRUCE BIOSCIENCES, INC.
- Agreement with Jefferies LLC to sell up to $21M of common stock via at-the-market offerings.
- Shares sold at market prices on Nasdaq; Jefferies receives 3% commission on gross proceeds.
- Company not obligated to sell; offering may be suspended or terminated upon notice.
- Prospectus supplement filed under existing shelf registration effective Feb 11, 2022.