Ellington Financial ups ATM equity facility to $225M with JMP, B. Riley, Ladenburg

Ellington Financial Inc.

Amended existing equity distribution agreements to increase maximum aggregate offering price of common stock to $225.0 million.
Shares may be sold at-the-market under an automatic shelf registration statement (File No. 333-269386).
Agents JMP Securities, B. Riley, and Ladenburg Thalmann will receive up to 2.0% commission on gross proceeds.
Company has no obligation to sell any shares and may suspend offerings at any time.

Key facts

Extracted from this filing and checked against the source text.

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

Ellington Financial Inc. amended Amendments with JMP Securities LLC, B. Riley Securities, Inc., and Ladenburg Thalmann & Co. Inc. valued at up to $225.0 million (effective 2023-01-24).

Action: amendment
Agreement: atm program
Counterparty: JMP Securities LLC, B. Riley Securities, Inc., and Ladenburg Thalmann & Co. Inc.
Value: up to $225.0 million
Effective: 2023-01-24

Exact text from the filing

On January 24, 2023, Ellington Financial Inc. (the “Company”) and Ellington Financial Management LLC, the Company’s manager, entered into separate amendments (each an "Amendment" and collectively, the "Amendments") to its existing equity distribution agreements (each, as amended, an "Agreement" and collectively, the "Agreements") with each of JMP Securities LLC, B. Riley Securities, Inc., and Ladenburg Thalmann & Co. Inc. (each an “Agent” and together the “Agents”)

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Ellington Financial Inc. filing history →

Source: SEC EDGAR

accession 0001411342-23-000016

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