other material
confidence high
sentiment neutral
materiality 0.50
Fate Therapeutics files $350M ATM equity offering with Jefferies; terminates prior Leerink facility
FATE THERAPEUTICS INC
- Filed universal shelf registration on Form S-3ASR for common stock, preferred stock, debt securities, warrants, and units.
- Entered Open Market Sale Agreement with Jefferies to sell up to $350M of common stock in at-the-market offerings.
- Jefferies will receive a 3% commission on gross proceeds; company not obligated to sell any shares.
- Terminated prior at-the-market sales agreement dated November 21, 2018 with Leerink Partners effective upon filing.
- Either party may suspend or terminate the offering upon notice subject to conditions.