other material
confidence high
sentiment neutral
materiality 0.60
Forte Biosciences enters ATM equity sales agreement for up to $25M
Forte Biosciences, Inc.
- Agreement with Ladenburg Thalmann allows sale of up to $25M common stock; initial prospectus supplement covers $7M.
- Commission of 3.0% of gross proceeds payable to Ladenburg for at-the-market sales.
- Net proceeds to be used for general corporate purposes and funding of clinical programs.
- Company not obligated to sell any shares; sales will be at prevailing market prices.