TriplePoint Venture Growth BDC enters $75M ATM equity offering with UBS

TriplePoint Venture Growth BDC Corp.

New sales agreement with UBS Securities LLC for up to $75M of common stock (TPVG).
Commission of up to 2.0% of gross sales price per share sold.
Prior September 2022 sales agreement terminated concurrently.
Shares to be sold pursuant to effective registration statement and prospectus supplement dated May 2, 2024.

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

TriplePoint Venture Growth BDC Corp. entered into Sales Agreement with UBS Securities LLC valued at up to $75 million in aggregate amount of the Company’s common stock (effective 2024-05-02).

Action: entry
Agreement: atm program
Counterparty: UBS Securities LLC
Value: up to $75 million in aggregate amount of the Company’s common stock
Effective: 2024-05-02

Exact text from the filing

On May 2, 2024, TriplePoint Venture Growth BDC Corp. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with TriplePoint Advisers LLC (the “Adviser”), TriplePoint Administrator LLC (the “Administrator”) and UBS Securities LLC (the “Sales Agent”), providing for the issuance and sale of up to $75 million in aggregate amount of the Company’s common stock, par value $0.01 per share (the “Shares”).

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

TriplePoint Venture Growth BDC Corp. terminated Prior Sales Agreement with UBS Securities LLC valued at termination of the Prior Sales Agreement (effective 2024-05-02).

Action: termination
Agreement: atm program
Counterparty: UBS Securities LLC
Value: termination of the Prior Sales Agreement
Effective: 2024-05-02

Exact text from the filing

Concurrently upon entry into the Sales Agreement, t he Company, the Adviser, the Administrator and the Sales Agent, which were each a party to that certain Sales Agreement, dated September 30, 2022 (the “Prior Sales Agreement”), agreed to the termination of the Prior Sales Agreement.

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TriplePoint Venture Growth BDC Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-039143

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