other material
confidence high
sentiment neutral
materiality 0.55
Tenaya Therapeutics enters $75M at-the-market equity sales agreement with SVB Securities
Tenaya Therapeutics, Inc.
- Aggregate sales proceeds up to $75M from common stock sold through ATM program.
- SVB Securities receives 3.0% commission on gross proceeds as sales agent.
- Company sets parameters including price and volume; no obligation to sell shares.
- Shares issued under shelf registration statement filed August 10, 2022.
- Agreement can be terminated by either party on 10 days' notice.