other material
confidence high
sentiment neutral
materiality 0.50
Entera Bio enters into $5M ATM equity facility with SVB; terminates prior B. Riley ATM
Entera Bio Ltd.
- Entered Sales Agreement with SVB Securities for at-the-market offering of up to 5,000,000 ordinary shares.
- Agent commission set at 3.0% of gross sales price per ordinary share sold.
- Prior B. Riley Securities ATM terminated effective Aug 30, 2022; no shares were sold under it.
- Net proceeds planned for general corporate purposes including R&D, clinical trials, and working capital.