other material
confidence high
sentiment neutral
materiality 0.70
Vaxart enters $50M at-the-market equity offering agreement with Citizens JMP and B. Riley
Vaxart, Inc.
- Company may sell up to $50M of common stock at market prices via ATM facility.
- Managers are Citizens JMP Securities and B. Riley Securities; placement fee is 3% of gross proceeds.
- Sales may occur on Nasdaq or in negotiated transactions at company's instruction.
- Company is not obligated to sell any shares and may terminate the agreement on three days' notice.