other material
confidence high
sentiment neutral
materiality 0.60
Milestone Pharmaceuticals amends ATM sales agreement with Jefferies to up to $77.8M
Milestone Pharmaceuticals Inc.
- Amended Open Market Sale Agreement replaces prior $50M facility; total capacity increased to $77.8M including ~$2.8M already sold.
- Common shares sold at-the-market via Jefferies; company pays 3.0% commission on gross proceeds.
- Prospectus supplement to be filed under existing S-3 shelf registration (File No. 333-283162).
- Company not obligated to sell any shares; agreement may be terminated early by either party.