other material
confidence high
sentiment neutral
materiality 0.50
ALX Oncology enters $150M at-the-market stock offering agreement
ALX ONCOLOGY HOLDINGS INC
- Entered Sales Agreement with Cantor Fitzgerald and Credit Suisse for ATM offering of up to $150M in common stock.
- Sales may be made at-the-market on Nasdaq or in negotiated transactions; company sets parameters per placement notice.
- Sales Agents receive 3.0% commission per share sold; company not obligated to sell any shares.
- Offering made under existing S-3 shelf registration (filed August 2021); prospectus supplement filed December 17, 2021.