secwatch.observer — SEC 8-K summary
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Issuer:     Equillium, Inc. (EQ)
CIK:        0001746466
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001193125-23-251681
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equillium enters new ATM equity facility with Jefferies; gets Nasdaq extension to April 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/0001193125-23-251681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1746466/000119312523251681/d544800d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-251681

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