other_material
confidence high
sentiment neutral
materiality 0.50
Zevia PBC enters ATM equity facility with Piper Sandler for up to $20 million
Zevia PBC
- ATM agreement allows sale of up to $20M of Class A common stock; Piper Sandler acts as sales agent.
- Commission of 3.0% on gross proceeds; proceeds for Zevia LLC units, marketing, acquisitions, and working capital.
- Sales may occur in at-the-market or negotiated transactions; no obligation to sell, can suspend or terminate.
- Offering under existing effective S-3 registration; Gibson Dunn filed legal opinion on share validity.
item 1.01item 9.01