other material
confidence high
sentiment neutral
materiality 0.65
Nuvectis Pharma establishes $60M ATM with Leerink Partners; terminates prior HC Wainwright program
Nuvectis Pharma, Inc.
- New ATM agreement with Leerink Partners to sell up to $60M of common stock; 3.0% commission on gross proceeds.
- Prior ATM with H.C. Wainwright for up to $40M terminated; ~$18.6M had been sold under that program.
- No costs or payments associated with termination of prior ATM.
- Sales will be made as at-the-market offerings on Nasdaq subject to customary conditions.
- Proceeds from any sales will be used for general corporate purposes as described in the prospectus supplement.