Sonida Senior Living signs $75M ATM equity facility with Mizuho

SONIDA SENIOR LIVING, INC.

Company may sell up to $75M of common stock at-the-market through agent Mizuho Securities USA LLC.
Agent earns commission of up to 3% of gross proceeds per sale.
Net proceeds expected to fund acquisitions, capital expenditures, working capital, and general corporate purposes.
Sales will be made under existing S-3 shelf registration and a prospectus supplement dated April 1, 2024.
ATM program continues until all shares sold or agreement terminated by either party on notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

SONIDA SENIOR LIVING, INC. entered into At-The-Market Issuance Sales Agreement with Mizuho Securities USA LLC valued at up to an aggregate offering price of $75,000,000 (effective 2024-04-01).

Action: entry
Agreement: atm program
Counterparty: Mizuho Securities USA LLC
Value: up to an aggregate offering price of $75,000,000
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, Sonida Senior Living, Inc. (the “ Company ”) entered into an At-The-Market Issuance Sales Agreement (the “ ATM Sales Agreement ”) with Mizuho Securities USA LLC, who is acting as the sole sales agent (the “ Agent ”).

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SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-083578

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