Avenue Therapeutics enters $3.85M ATM equity offering agreement with H.C. Wainwright

AVENUE THERAPEUTICS, INC.

Company entered ATM offering agreement with H.C. Wainwright for up to $3,850,000 in common stock sales.
Manager receives 3.0% commission on gross proceeds; Company provides customary indemnification and contribution rights.
Offering is 'at the market' under Rule 415; Company may sell shares at its discretion over time.
Agreement terminates upon sale of all shares or earlier termination by either party on specified prior notice.

Key facts

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

AVENUE THERAPEUTICS, INC. entered into At the Market Offering Agreement with H.C. Wainwright & Co. LLC valued at $3,850,000 (effective 2024-05-10).

Action: entry
Agreement: atm program
Counterparty: H.C. Wainwright & Co. LLC
Value: $3,850,000
Effective: 2024-05-10

Exact text from the filing

On May 10, 2024, Avenue Therapeutics, Inc. (the “ Company ”) entered into an At the Market Offering Agreement (the “ Offering Agreement ”) with H.C. Wainwright & Co. LLC (the “ Manager ”) under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock

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AVENUE THERAPEUTICS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-016081

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