other material
confidence high
sentiment neutral
materiality 0.60
Enanta Pharmaceuticals enters ATM agreement with Jefferies for up to $100M common stock offering
ENANTA PHARMACEUTICALS INC
- Open Market Sale Agreement with Jefferies LLC allows at-the-market sales of up to $100M in common stock.
- Jefferies will receive a 3.0% commission on gross sales price per share sold under the agreement.
- Shares sold on Nasdaq Global Select Market or other trading venues; company has no obligation to sell.
- Offering terminates upon sale of all shares or termination of the agreement per its terms.