other_material
confidence high
sentiment neutral
materiality 0.60
FTC Solar enters into ATM equity offering agreement for up to $11.35M
FTC Solar, Inc.
- Enters ATM agreement with H.C. Wainwright to sell up to $11,350,576 of common stock.
- Placement fee of 3.0% of gross sales price; proceeds for working capital and general corporate purposes.
- Terminates prior Equity Distribution Agreement with Credit Suisse (dated Sep 2022).
- Sales may be made on Nasdaq through at-the-market offerings; no obligation to sell any shares.