other material
confidence high
sentiment neutral
materiality 0.60
Fossil Group enters $50M at-the-market equity agreement with Maxim Group LLC
Fossil Group, Inc.
- ATM program allows sale of up to $50M of common stock through Maxim as sales agent.
- Maxim receives 2.0% commission on gross sales; Company reimburses reasonable legal and out-of-pocket expenses.
- Agreement terminates on earliest of $50M sold, twelve months from execution, or mutual written termination.
- Shares to be sold under S-3 registration statement filed November 13, 2025; no sales until effective.
- Company has no obligation to sell any shares; no assurance of pricing or amount of any sales.