other material
confidence high
sentiment neutral
materiality 0.60
PacBio signs $100M at-the-market stock sales agreement with Allen & Company
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
- Sales Agreement dated Nov 10, 2026 lets PacBio sell up to $100,000,000 of common stock (PACB) from time to time through an at-the-market program.
- Allen & Company LLC acts as sales agent and is paid up to 3.0% of aggregate gross proceeds from shares it sells.
- Either party may terminate on 10 days' notice; Allen may terminate immediately on certain events, including a material adverse change.
- Shares are issued under the automatic shelf Form S-3ASR (File No. 333-293751) filed Feb 25, 2026; prospectus supplement filed Nov 10, 2026.
- PacBio has no obligation to sell and controls share count, timing, daily limits and minimum price; it may suspend offers at any time.