other material
confidence high
sentiment neutral
materiality 0.45
Gladstone Investment enters $50M at-the-market equity facility with B. Riley Securities
GLADSTONE INVESTMENT CORPORATION\DE
- Up to $50M of common stock may be sold through B. Riley as sales agent.
- B. Riley receives commission of up to 2.0% of gross sales price per share.
- Existing sales agreements with Oppenheimer & Co. and Virtu Americas amended to include B. Riley as "Other Agent".
- Shares offered under effective registration statement (File No. 333-259302).
- No mandatory minimum sales; B. Riley to use commercially reasonable efforts.