other
confidence high
sentiment neutral
materiality 0.30
Bionano Genomics files updated legal opinion to increase ATM shares capacity to 149M
Bionano Genomics, Inc.
- Updated legal opinion from Cooley LLP covers up to 149M shares under ATM sales agreement with Cowen.
- Prior opinion covered 49M shares; new opinion triples authorized shares for at-the-market offerings.
- Update required to maintain ATM program access under terms of $80M senior secured convertible notes issued in October 2023.