secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001490978-24-000020
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000020/0001490978-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000149097824000020/sdgr-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001490978-24-000020

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