other material
confidence high
sentiment neutral
materiality 0.60
PDS Biotechnology enters $50M ATM equity offering program with B. Riley and H.C. Wainwright
PDS Biotechnology Corp
- New at-the-market sales agreement allows up to $50M in common stock through B. Riley Securities and H.C. Wainwright.
- Replaces prior August 2022 ATM program; 3% commission on gross proceeds to agents.
- Shares sold via Rule 415 at-the-market on Nasdaq Capital Market; no minimum sales obligation.
- Prior ATM agreement with B. Riley and BTIG terminated effective August 13, 2024.
- Proceeds from any future sales will be used for general corporate purposes.