other material
confidence high
sentiment neutral
materiality 0.55
Vericel enters ATM equity offering agreement for up to $200M
Vericel Corp
- Agreement with SVB Leerink LLC to sell up to $200M of common stock in at-the-market offerings.
- Sales may be made via ordinary brokers' transactions at prevailing market prices on Nasdaq.
- SVB Leerink receives 3.0% commission on gross proceeds from sold shares.
- Company is not obligated to sell any shares; can suspend or terminate offering on notice.
- Prospectus supplement filed August 27, 2021; shelf registration on Form S-3ASR effective same day.