Applied DNA Sciences enters ATM equity distribution agreement for up to $6.4M

BNB PLUS CORP.

Agreement with Maxim Group LLC to sell up to $6,397,939 of common stock at market prices via ATM.
Agent receives 3% commission on gross proceeds; company reimburses up to $40,000 in fees.
Company has no obligation to sell any shares and may suspend sales at any time.
Shares sold under existing effective shelf registration statement (Form S-3, File 333-272267).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

BNB PLUS CORP. entered into Equity Distribution Agreement with Maxim Group LLC valued at up to $6,397,939 (effective 2023-11-07).

Action: entry
Agreement: atm program
Counterparty: Maxim Group LLC
Value: up to $6,397,939
Effective: 2023-11-07

Exact text from the filing

On November 7, 2023, Applied DNA Sciences, Inc. (the " Company ") entered into an Equity Distribution Agreement (the " Agreement ") with Maxim Group LLC, as sales agent (the " Agent "), pursuant to which the Company may, from time to time, issue and sell shares of its common stock, par value $0.001 per share, in an aggregate offering price of up to $6,397,939 (the " Shares ") through the Agent.

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Source: SEC EDGAR

accession 0001104659-23-115320

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