PepGen enters ATM equity offering agreement for up to $100M in common stock

PepGen Inc.

Entered ATM sales agreement with Stifel to sell up to $100M of common stock at market prices.
Stifel will receive 3% commission on gross proceeds; PepGen reimburses certain legal fees.
Sales may occur on Nasdaq or in negotiated transactions, subject to company instructions.
Company is not obligated to sell any shares; agreement terminates upon sale of all shares or by mutual termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PepGen Inc. entered into At-The-Market Equity Offering Sales Agreement with Stifel, Nicolaus & Company, Incorporated valued at up to $100.0 million (effective 2023-08-08).

Action: entry
Agreement: atm program
Counterparty: Stifel, Nicolaus & Company, Incorporated
Value: up to $100.0 million
Effective: 2023-08-08

Exact text from the filing

On August 8, 2023, PepGen Inc. (the “Company”) entered into an At-The-Market Equity Offering Sales Agreement (the “Agreement”) with Stifel, Nicolaus & Company, Incorporated (“Stifel”), under which the Company may offer and sell, from time to time at its sole discretion, shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), having an aggregate offering price of up to $100.0 million after the date of the Agreement through Stifel as its sales agent.

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PepGen Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-205630

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