other_material
confidence high
sentiment neutral
materiality 0.60
DBV Technologies establishes $150M ATM equity program via Citizens JMP; up to 50% dilution
DBV Technologies S.A.
- ATM program allows sale of up to $150M in ADSs (each representing 5 ordinary shares) on Nasdaq through Citizens JMP.
- Proceeds to fund BLA, potential launch of VIASKIN Peanut patch in toddlers aged 1-3, and pipeline development.
- Maximum potential dilution of approximately 50% based on shareholder authorization of 136,948,870 ordinary shares.
- Prior ATM program dated May 2, 2022 terminated; new program similar terms with 3% commission to agent.
item 8.01item 9.01