other material
confidence high
sentiment negative
materiality 0.70
SAB Biotherapeutics establishes new $75M ATM equity program via UBS, terminates prior $20M ATM
SAB Biotherapeutics, Inc.
- Entered sales agreement with UBS Securities for at-the-market offering of common stock up to $75 million aggregate offering price.
- Prior $20M ATM program with Cantor Fitzgerald terminated effective Dec 17, 2025; Cantor waived 60-day restriction.
- Net proceeds intended for pipeline development, general corporate and working capital purposes.
- Agent fee up to 3% of gross proceeds; program may be terminated by either party on 10 days' notice.