other material
confidence high
sentiment neutral
materiality 0.65
Achieve Life Sciences enters $50M ATM equity offering with Jefferies for cytisinicline
ACHIEVE LIFE SCIENCES, INC.
- Entered Open Market Sale Agreement with Jefferies for at-the-market offering of up to $50M of common stock.
- Jefferies receives up to 3% commission; company has no obligation to sell and may suspend at any time.
- Proceeds to fund clinical development of cytisinicline for smoking cessation and general corporate purposes.
- Offering made under existing S-3 registration statement filed June 28, 2024.