Genprex enters $50M ATM equity distribution agreement with JMP Securities

Genprex, Inc.

Equity Distribution Agreement with JMP Securities for at-the-market offering of up to $50M in common stock.
Agent commission of 3% of gross proceeds; no minimum sales required; shares sold on Nasdaq.
Offering under effective S-3 registration statement; prospectus supplement filed November 18, 2022.
Proceeds for general corporate purposes as described in the prospectus.

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

Genprex, Inc. entered into Equity Distribution Agreement with JMP Securities LLC valued at up to $50.0 million (effective 2022-11-18).

Action: entry
Agreement: atm program
Counterparty: JMP Securities LLC
Value: up to $50.0 million
Effective: 2022-11-18

Exact text from the filing

On November 18, 2022, Genprex, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with JMP Securities LLC, serving as agent (the “Agent”) with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $50.0 million (the “Shares”) through the Placement Agent (the “Offering”).

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Genprex, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-027745

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