Schrödinger enters ATM equity agreement with Leerink to sell up to $250M of common stock

Schrodinger, Inc.

Up to $250M of common stock may be sold at-the-market through Leerink Partners under new Sales Agreement.
Agreement amends and restates prior May 2023 Sales Agreement; no shares sold under prior agreement.
Company will pay Leerink commissions up to 3% of gross proceeds and provide customary indemnification.
Shares will be issued under new shelf registration statement filed on February 28, 2024 (333-277479).

Key facts

Extracted from this filing and checked against the source text.

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

Schrodinger, Inc. amended Amended and Restated Sales Agreement with Leerink Partners LLC valued at up to $250.0 million (effective 2024-02-28).

Action: amendment
Agreement: atm program
Counterparty: Leerink Partners LLC
Value: up to $250.0 million
Effective: 2024-02-28

Exact text from the filing

On February 28, 2024, Schrödinger, Inc., a Delaware corporation (the “ Company ”), entered into an Amended and Restated Sales Agreement (the “ Sales Agreement ”) with Leerink Partners LLC, as agent (“ Leerink Partners ”), pursuant to which the Company may offer and sell shares of its common stock, $0.01 par value per share (the “ Common Stock ”), from time to time through Leerink Partners.

View on SEC.gov

737 material agreements filed in the last 30 days. Browse all material agreements →

Schrodinger, Inc. filing history →

Source: SEC EDGAR

accession 0001490978-24-000020

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.