other material
confidence high
sentiment neutral
materiality 0.50
Stabilis Solutions enters $10.1M at-the-market equity distribution agreement with Johnson Rice
Stabilis Solutions, Inc.
- Equity distribution agreement to sell up to $10,146,795 of common stock via ATM offering through Johnson Rice & Company.
- Proceeds intended for general corporate purposes, including debt repayment, capex, expansion, and acquisitions.
- Sales will be made under existing shelf registration statement (S-3); commission of up to 3.0% to agent.
- Company not obligated to sell any shares; agreement terminates upon sale of the full amount or earlier termination.