other material
confidence high
sentiment neutral
materiality 0.65
Disc Medicine enters $200M ATM equity sales agreement with Cantor, terminates prior Jefferies facility
Disc Medicine, Inc.
- Up to $200M of common stock may be sold at-the-market through Cantor Fitzgerald under a new Controlled Equity Offering agreement.
- Cantor receives up to 3.0% commission on gross proceeds; sales are discretionary and subject to company instructions.
- Prior Jefferies ATM agreement terminated on Nov 15, 2024; $22.5M gross proceeds from 376,363 shares sold thereunder.
- No termination penalties apply; new ATM is under existing S-3 shelf registration statement (No. 333-281359).