Astronics enters $30M at-the-market equity distribution agreement with Wells Fargo and HSBC

ASTRONICS CORP

Astronics Corp signs Equity Distribution Agreement to sell up to $30M of common stock via Wells Fargo and HSBC as agents.
ATM offering allows sales directly on Nasdaq at market prices; Company may also sell to Agents as principal.
Company not obligated to sell any shares; Agreement may be terminated by either party at any time.
Legal opinion from Hodgson Russ LLP on validity of shares filed as Exhibit 5.1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ASTRONICS CORP entered into Equity Distribution Agreement with Wells Fargo Securities, LLC and HSBC Securities (USA) Inc. valued at up to $30,000,000 (effective 2023-08-08).

Action: entry
Agreement: atm program
Counterparty: Wells Fargo Securities, LLC and HSBC Securities (USA) Inc.
Value: up to $30,000,000
Effective: 2023-08-08

Exact text from the filing

On August 8, 2023, Astronics Corporation (the “ Company ”) entered into an Equity Distribution Agreement (the “ Equity Distribution Agreement ”), by and between the Company and Wells Fargo Securities, LLC and HSBC Securities (USA) Inc. (each, an “ Agent ” and together, the “ Agents ”), pursuant to which the Company may offer and sell, from time to time through an Agent, acting as its agent, or directly to an Agent acting as principal, shares of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”), having an aggregate sales price of up to $30,000,000

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23 material agreements filed in the last 30 days. Browse all material agreements →

ASTRONICS CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-206269

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