{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-251681","form_type":"8-K","ticker":"EQ","cik":"0001746466","company_name":"Equillium, Inc.","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.295601+00:00","generated_at":"2026-06-10T04:06:13.849608+00:00","sec_items":["1.01","1.02","3.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Equillium enters new ATM equity facility with Jefferies; gets Nasdaq extension to April 2024","bullets":["New ATM offering agreement with Jefferies; 3.0% commission on gross proceeds; no maximum offering amount disclosed.","Prior 2020 ATM agreement with Jefferies terminated; $10.4M of shares had been sold under it.","Nasdaq granted additional 180-day grace period to April 1, 2024 for $1.00 minimum bid price compliance; transfer to Capital Market.","Proceeds to fund pipeline development, working capital, and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-251681","json":"https://secwatch.observer/filing/0001193125-23-251681.json","markdown":"https://secwatch.observer/filing/0001193125-23-251681.md","text":"https://secwatch.observer/filing/0001193125-23-251681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/0001193125-23-251681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/d544800d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T04:06:13.849608+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"903fc4cbaf97567013ebbf41e5bdb3464a98a2f8","claim":"Equillium, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).","evidence_excerpt":"October 3, 2023, in connection with the transfer of the listing of the Company’s common stock from the Nasdaq Global Market to the Nasdaq Capital Market, the Company was granted an additional 180-day grace period, or until April 1, 2024, to regain compliance with the Minimum Bid Price Requirement. The Company’s failure to regain compliance during this period could result in delisting. The Company intends to actively monitor the bid price of its common stock and will consider available options to regain compliance with the listing requirements, including such actions as a reverse stock split.","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/0001193125-23-251681-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5450(a)(1)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"14c7b13f299ca6b2281c3dbab07fa74f6a23666f","claim":"Equillium, Inc. entered into \"Sale Agreement\" with Jefferies LLC (effective 2023-10-05).","evidence_excerpt":"On October 5, 2023, Equillium, Inc. (the \" Company \") entered into an Open Market Sale Agreement SM (the \" Sale Agreement \") with Jefferies LLC (\" Jefferies \"), pursuant to which the Company may, from time to time, offer and sell shares of the Company’s common stock, par value $0.0001 per share (the \" Shares \"), through Jefferies, as the Company’s sales agent and/or principal.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/0001193125-23-251681-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Jefferies LLC"},{"label":"Effective","value":"2023-10-05"}],"fact_type":"material_agreement"},{"claim_id":"a8fc3c71dc551fd06ea51eae6572260cb50db4e2","claim":"Equillium, Inc. terminated \"Prior Agreement\" with Jefferies LLC (effective 2023-10-05).","evidence_excerpt":"On October 5, 2023, the Company and Jefferies terminated that certain Open Market Sale Agreement SM (the \" Prior Agreement \") that the Company entered into with Jefferies on July 14, 2020.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/0001193125-23-251681-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Jefferies LLC"},{"label":"Effective","value":"2023-10-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}