other_material
confidence high
sentiment neutral
materiality 0.60
Longeveron enters $10.7M ATM equity offering with H.C. Wainwright
Longeveron Inc.
- Up to $10.7M of Class A common stock may be sold at market prices through agent Wainwright.
- Commission 3.0% of gross proceeds; company reimburses up to $100k legal fees plus periodic diligence fees.
- Net proceeds to fund clinical development of laromestrocel for HLHS, Alzheimer's, and pediatric DCM.
- No minimum sales obligation; company or Wainwright may suspend the offering at any time.
item 1.01item 9.01