other material
confidence high
sentiment neutral
materiality 0.55
Cognition Therapeutics enters $75M ATM offering with Jefferies, terminates prior $40M ATM
COGNITION THERAPEUTICS INC
- Entered ATM sales agreement with Jefferies LLC for up to $75M of common stock (December 18, 2025).
- Jefferies receives 3.0% commission on gross proceeds of any shares sold under the agreement.
- Terminated prior ATM sales agreement with Cantor Fitzgerald & B. Riley effective Dec 18; ~$12.5M remained unsold.
- Company retains discretion over timing and amount of sales; no minimum offering required.