other material
confidence high
sentiment neutral
materiality 0.65
RCM Technologies files for up to $50M ATM common stock offering and authorizes $50M share repurchase program
RCM TECHNOLOGIES, INC.
- Entered ATM sales agreement with B. Riley to sell up to $50M of common stock, subject to registration.
- Board authorized new share repurchase program of up to $50M (includes amounts remaining under existing authorization).
- Filed registration statement on Form S-3 for up to $100M of various securities including common stock.
- Corrected company name in Articles of Incorporation by removing spaces from 'R C M' to 'RCM'.