secwatch.observer — SEC 8-K summary
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Issuer:     Arcellx, Inc. (ACLX)
CIK:        0001786205
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-138446
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcellx enters into $350M at-the-market equity offering agreement with Stifel
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- Arcellx may sell up to $350M of common stock through Stifel in at-the-market offerings.
- Stifel receives up to 3.0% commission on gross proceeds; company reimburses certain expenses.
- Sales are made via Nasdaq at prevailing market prices; company not obligated to sell any shares.
- Agreement filed on Form S-3ASR; shelf registration effective upon filing on May 8, 2023.
- Agreement includes customary representations, indemnification, and termination rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786205/000119312523138446/0001193125-23-138446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786205/000119312523138446/d398113d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138446

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