other
confidence high
sentiment neutral
materiality 0.65
XOMA enters ATM sales agreements for up to $125M in common stock and preferred depositary shares
XOMA Royalty Corp
- Up to $75M common stock ATM with Leerink Partners; 3% commission.
- Up to $50M depositary shares (Series B preferred) ATM with H.C. Wainwright; 3% commission.
- Proceeds intended for royalty acquisitions, working capital, and preferred dividends.
- Offers registered under existing S-3 shelf (File No. 333-277794) effective June 2024.
- Company is not obligated to sell any shares; may terminate agreements at any time.