SeqLL announces $1.8M registered direct offering of 2M shares at $0.90/share

ATLANTIC INTERNATIONAL CORP.

Offered 2,000,000 shares of common stock at $0.90 per share for gross proceeds of $1.8M.
Net proceeds to be used for working capital and general corporate purposes; offering closed Feb 15, 2023.
Maxim Group LLC acted as sole placement agent; received 8% cash fee on aggregate gross proceeds.
Shares sold under effective shelf registration statement on Form S-3 (File No. 333-268319) declared effective Dec 8, 2022.
Company agreed to 30-day lock-up on further equity issuances and registration statements, subject to exceptions.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ATLANTIC INTERNATIONAL CORP. entered into Securities Purchase Agreement with institutional investors valued at $1,800,000 (effective 2023-02-13).

Action: entry
Agreement: equity purchase
Counterparty: institutional investors
Value: $1,800,000
Effective: 2023-02-13

Exact text from the filing

On February 13, 2023, SeqLL Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with institutional investors (the “Purchasers”) pursuant to which the Company agreed to sell to the Purchasers, in a registered direct offering, an aggregate of 2,000,000 shares of common stock, par value $0.00001 per share (the “Common Stock”), of the Company, at a purchase price of $0.90 per share of Common Stock (the “Offering”).

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ATLANTIC INTERNATIONAL CORP. filing history →

Source: SEC EDGAR

accession 0001213900-23-012108

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