Precipio enters ATM equity offering agreement for up to $5.8M with A.G.P.

Precipio, Inc.

Entered Sales Agreement with A.G.P./Alliance Global Partners for at-the-market offering of common stock up to $5.8M.
A.G.P. will receive a 3.0% commission on gross proceeds from each sale.
Offering limited to one-third of public float in any 12-month period per S-3 restrictions.
Company not obligated to sell shares; sales depend on market conditions and capital needs.
Agreement includes customary representations, warranties, indemnification, and termination provisions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Precipio, Inc. entered into Sales Agreement with A.G.P./Alliance Global Partners valued at $5,800,000 (effective 2023-04-14).

Action: entry
Agreement: atm program
Counterparty: A.G.P./Alliance Global Partners
Value: $5,800,000
Effective: 2023-04-14

Exact text from the filing

On April 14, 2023, Precipio, Inc. (the “Company”) entered into a Sales Agreement with A.G.P./Alliance Global Partners (“A.G.P.”), pursuant to which the Company may offer and sell from time to time shares (the “Shares”) of its common stock, par value $0.01 per share (the “Common Stock”) to or through A.G.P., as sales agent (the “Sales Agreement”), in an “at the market offering” (as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended) of the Shares (the “ATM Offering”).

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Precipio, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-045710

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