other material
confidence high
sentiment neutral
materiality 0.70
Vaxcyte enters $500M at-the-market equity offering; terminates prior $270.3M ATM with Jefferies
Vaxcyte, Inc.
- Sales agreement with Leerink Partners for up to $500M in common stock via at-the-market offerings.
- Placement agent receives up to 3.00% compensation on gross proceeds from sales.
- Terminated prior sales agreement with Jefferies under which $270.3M had been sold.
- Company not obligated to sell any shares; no assurance of any sales under new agreement.