secwatch / observer
8-K filed March 18, 2024, 7:59 PM ET ticker ORMP CIK 0001176309
other material confidence high sentiment neutral materiality 0.50

Oramed enters $75M at-the-market equity facility, terminates prior Cantor agreement

ORAMED PHARMACEUTICALS INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ORAMED PHARMACEUTICALS INC. terminated Controlled Equity Offering Agreement with Cantor Fitzgerald & Co. valued at Terminated with no penalties; prior net proceeds of $26.25 million (effective 2024-03-17).

Action
termination
Agreement
equity purchase
Counterparty
Cantor Fitzgerald & Co.
Value
Terminated with no penalties; prior net proceeds of $26.25 million
Effective
2024-03-17
Exact text from the filing
On March 12, 2024, the Company delivered written notice to Cantor Fitzgerald & Co. (“Cantor Fitzgerald”) to terminate that certain Controlled Equity Offering Agreement, dated September 1, 2021, by and between the Company and Cantor Fitzgerald (the “Cantor Agreement”), effective as of March 17, 2024.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ORAMED PHARMACEUTICALS INC. entered into ATM Agreement with Rodman & Renshaw LLC and StockBlock Securities LLC valued at $75,000,000 maximum aggregate offering price (effective 2024-03-18).

Action
entry
Agreement
atm program
Counterparty
Rodman & Renshaw LLC and StockBlock Securities LLC
Value
$75,000,000 maximum aggregate offering price
Effective
2024-03-18
Exact text from the filing
On March 18, 2024, Oramed Pharmaceuticals Inc. (the “Company”) entered into an at the market offering agreement (the “ATM Agreement”) with Rodman & Renshaw LLC and StockBlock Securities LLC as sales agents (each, an “Agent” and together, the “Agents”), pursuant to which the Company may issue and sell in transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), shares of its common stock, par value $0.012 per share, having a maximum aggregate offering price of up to $75,000,000 from time to time through the Agents.
View on SEC.gov

556 material agreements filed in the last 30 days. Browse all material agreements →

ORAMED PHARMACEUTICALS INC. filing history →

Source: SEC EDGAR
accession 0001213900-24-023571
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