---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-103243"
form_type: "8-K"
ticker: "ISSC"
cik: "0000836690"
company_name: "INNOVATIVE SOLUTIONS & SUPPORT INC"
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:58:50.523695+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Innovative Solutions and Support enters $40M ATM equity offering with Stifel

## Summary
- Up to $40M of common stock may be sold at market through Stifel as sales agent.
- Agent compensation capped at 3.0% of gross proceeds per share sold.
- Company not obligated to sell shares; sales depend on market conditions and price.
- Proceeds for general corporate purposes including debt repayment, acquisitions, and working capital.
- Shares offered under effective shelf registration; prospectus supplement filed Sep 22, 2023.

## SEC filing metadata
- accession: 0001104659-23-103243
- form_type: 8-K
- ticker: ISSC
- cik: 0000836690
- company_name: INNOVATIVE SOLUTIONS & SUPPORT INC
- filed_at: 2023-09-22T23:59:59+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/836690/000110465923103243/0001104659-23-103243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/836690/000110465923103243/tm2326706d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-103243
- JSON: https://secwatch.observer/filing/0001104659-23-103243.json
- Plain text: https://secwatch.observer/filing/0001104659-23-103243.txt

## Key facts
- Material Agreements
  INNOVATIVE SOLUTIONS & SUPPORT INC entered into ATM Sales Agreement with Stifel, Nicolaus & Company, Incorporated valued at up to $40 million (effective 2023-09-22).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Stifel, Nicolaus & Company, Incorporated
  - Value: up to $40 million
  - Effective: 2023-09-22
  source text: On September 22, 2023, Innovative Solutions and Support, Inc., a Pennsylvania corporation (the “Company”), entered into an at-the-market equity offering Sales Agreement (the “ATM Sales Agreement”) with Stifel, Nicolaus & Company, Incorporated (the “Sales Agent”), pursuant to which the Company may offer and sell from time to time through the Sales Agent up to $40 million of shares of its common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/836690/000110465923103243/0001104659-23-103243-index.htm

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