other material
confidence high
sentiment neutral
materiality 0.55
Vincerx Pharma enters $50M ATM equity offering agreement with Leerink Partners
Vincerx Pharma, Inc.
- Up to $50M of common stock may be sold at-the-market through Leerink Partners as agent.
- Commission of 3.0% of gross proceeds payable to Leerink; no obligation to sell any shares.
- Sales occur under existing S-3 shelf registration (filed Jan 2022, effective Jan 2022).
- Company may suspend or terminate sales at any time; either party may terminate the agreement.