other material
confidence high
sentiment neutral
materiality 0.70
electroCore enters $20M ATM offering with H.C. Wainwright
electroCore, Inc.
- ATM agreement allows sale of up to $20M of common stock at market prices.
- 3.0% commission to Wainwright; net proceeds for sales/marketing and working capital.
- Shares sold via Nasdaq at-the-market; no obligation to sell any shares.
- Offering under existing effective S-3 registration statement; prospectus supplement filed.
- Agreement date November 29, 2024; can be terminated by either party at any time.