Airgain enters $5M at-the-market equity sales agreement with Craig-Hallum

AIRGAIN INC

Max aggregate offering of $5.0M in common stock via ATM facility.
Agent commission set at 3.0% of gross proceeds from any sales.
Shares sold at prevailing market prices; no minimum obligation to sell.
Issued under existing S-3 shelf registration (File No. 333-263568).
Either party may terminate agreement on specified prior written notice.

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

AIRGAIN INC entered into Sales Agreement with Craig-Hallum Capital Group LLC valued at up to $5.0 million (effective 2024-03-06).

Action: entry
Agreement: atm program
Counterparty: Craig-Hallum Capital Group LLC
Value: up to $5.0 million
Effective: 2024-03-06

Exact text from the filing

On March 6, 2024, Airgain, Inc. (the “Company”) entered into an At-The-Market Issuance Sales Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC (the “Agent”), under which the Company may, from time to time, sell shares of the Company’s common stock having an aggregate offering price of up to $5.0 million in “at the market” offerings through or to the Agent, as sales agent or principal.

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AIRGAIN INC filing history →

Source: SEC EDGAR

accession 0001193125-24-060908

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