other material
confidence high
sentiment neutral
materiality 0.50
BioRestorative enters into $3.6M ATM offering agreement with Rodman & Renshaw; terminates prior JonesTrading ATM
BioRestorative Therapies, Inc.
- Entered ATM agreement with Rodman & Renshaw on Nov 6, 2024 for up to $3.6M of common stock.
- Agent will receive 3.0% commission on gross sales proceeds; company not obligated to sell any shares.
- Prior ATM with JonesTrading terminated on Nov 1, 2024; $622,235 of shares sold under that agreement.
- Offering made under existing effective S-3 registration statement filed Feb 2023.