---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-128292"
form_type: "8-K"
ticker: "THW"
cik: "0001635977"
company_name: "abrdn World Healthcare Fund"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:34:44.664264+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tekla World Healthcare Fund establishes $150M at-the-market equity offering program

## Summary
- Up to $150M of common shares may be sold via ATM program under shelf registration.
- Foreside Fund Services serves as distribution agent; UBS Securities as sub-placement agent.
- Fund will pay Foreside 1.00% commission; UBS receives up to 0.80% of gross proceeds from sales it executes.
- Shares cannot be sold below net asset value per the Investment Company Act of 1940.

## SEC filing metadata
- accession: 0001104659-22-128292
- form_type: 8-K
- ticker: THW
- cik: 0001635977
- company_name: abrdn World Healthcare Fund
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1635977/000110465922128292/0001104659-22-128292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1635977/000110465922128292/tm2232946d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-128292
- JSON: https://secwatch.observer/filing/0001104659-22-128292.json
- Plain text: https://secwatch.observer/filing/0001104659-22-128292.txt

## Key facts
- Material Agreements
  abrdn World Healthcare Fund entered into Distribution Agreement with Foreside Fund Services, LLC valued at up to $150,000,000 (effective 2022-12-14).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Foreside Fund Services, LLC
  - Value: up to $150,000,000
  - Effective: 2022-12-14
  source text: Tekla World Healthcare Fund (NYSE: THW) (the “Fund”) has entered into a distribution agreement (the “Distribution Agreement”), dated December 14, 2022, with Foreside Fund Services, LLC (“Foreside”), pursuant to which the Fund may offer and sell common shares of beneficial interest, par value $0.01 per share (“Common Shares”) having an aggregate initial offering price of up to $150,000,000, from time to time, through Foreside as agent for the Fund for the offer and sale of Common Shares, in transactions deemed to be “at the market” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635977/000110465922128292/0001104659-22-128292-index.htm
- Material Agreements
  abrdn World Healthcare Fund entered into Sub-Placement Agent Agreement with UBS Securities LLC valued at commission rate of up to 0.80% of gross sales proceeds (effective 2022-12-14).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: UBS Securities LLC
  - Value: commission rate of up to 0.80% of gross sales proceeds
  - Effective: 2022-12-14
  source text: Foreside has entered into a sub-placement agent agreement, dated December 14, 2022 (the “Sub-Placement Agent Agreement”), with UBS Securities LLC (“UBS”) relating to the Common Shares to be offered under the Distribution Agreement. Pursuant to the Distribution Agreement, the Fund will compensate Foreside with respect to sales of Common Shares at a commission rate of 1.00% of the gross proceeds of the sale of Common Shares. Out of this commission, under the Sub-Placement Agent Agreement, Foreside will compensate UBS at a rate of up to 0.80% of the gross sales proceeds of the sale of the Common Shares sold by UBS.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1635977/000110465922128292/0001104659-22-128292-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.