other material
confidence high
sentiment neutral
materiality 0.50
Madrigal ups ATM equity facility by $200M to raise additional capital via Cowen
MADRIGAL PHARMACEUTICALS, INC.
- Amendment to Sales Agreement with Cowen increases ATM capacity by $200M.
- Shares sold through 'at-the-market' offerings under existing shelf registration.
- Company has no obligation to sell; Cowen acts as agent on commercially reasonable efforts.
- Prospectus supplement filed May 9, 2023 for the additional $200M of common stock.