other material
confidence high
sentiment negative
materiality 0.70
Autonomix Medical enters $2.1M ATM equity facility; reverse split share dispute
Autonomix Medical, Inc.
- Entered ATM sales agreement with Ladenburg Thalmann for up to $2.1M of common stock; 3.0% agent commission.
- Proceeds from ATM to be used for working capital and general corporate purposes.
- October 2024 1-for-20 reverse split reduced shares from ~23M to ~1.15M; authorized shares remain 500M.
- DTCC requested 271,846 shares for fractional rounding; company disputes and has not issued; potential liability.
- Retrospective restatement of per-share data in 10-K to reflect reverse split; no new financial results.