other material
confidence high
sentiment neutral
materiality 0.40
Trinity Place Holdings enters ATM sales agreement with B. Riley for up to $10M common stock
Trinity Place Holdings Inc.
- Company may sell up to $10M of common stock at-the-market through B. Riley Securities.
- Commission rate of 2.5% of aggregate gross sales proceeds; company also reimburses certain expenses.
- Sales will occur on NYSE American under existing effective shelf registration statement (S-3).
- Net proceeds intended for working capital and general corporate purposes.