PetVivo enters ATM sales agreement with ThinkEquity for up to $2.5M common stock offering

PetVivo Holdings, Inc.

Agreement with ThinkEquity LLC allows sale of shares in at-the-market offerings up to $2.5M aggregate gross proceeds.
Sales agent will receive 3.0% commission on gross proceeds; Company to reimburse up to $30k of agent's expenses.
Offering made under existing S-3 registration statement (File No. 333-264700); common stock trades on Nasdaq under ticker PETV.
Company may suspend sales at any time; no minimum obligation to sell shares; agreement terminable by either party on 10 days' notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PetVivo Holdings, Inc. entered into Sales Agreement with ThinkEquity LLC valued at up to $2,500,000 (effective 2023-08-23).

Action: entry
Agreement: atm program
Counterparty: ThinkEquity LLC
Value: up to $2,500,000
Effective: 2023-08-23

Exact text from the filing

On August 23, 2023, PetVivo Holdings, Inc. (the “Company”), entered into an ATM Sales Agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Sales Agent”), pursuant to which the Company may offer and sell, from time to time, through the Sales Agent, shares (the “Shares”) of the Company’s common stock (the “Common Stock”), having an aggregate offering price of up to $2,500,000, subject to the terms and conditions of the Sales Agreement.

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PetVivo Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-030040

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