other material
confidence high
sentiment neutral
materiality 0.50
Axos Financial enters $150M at-the-market equity distribution agreement
Axos Financial, Inc.
- Equity Distribution Agreement with KBW and Raymond James to sell up to $150M of common stock.
- Sales occur at market prices on NYSE or via other methods; commission 2.5% of gross proceeds.
- Minimum $5M per quarter if sales designated; any party may suspend or terminate the agreement.
- Proceeds not specified; likely for general corporate purposes.