other material
confidence high
sentiment neutral
materiality 0.40
Processa enters ATM equity agreement to sell up to $2.4M in common stock
Processa Pharmaceuticals, Inc.
- Sales agreement with A.G.P./Alliance Global Partners for at-the-market offering of up to $2.4 million.
- Sales Agent receives up to 3% commission on gross proceeds from shares sold.
- Net proceeds to fund R&D for oncology drug candidates and working capital.
- Registration statement filed on May 21, 2024 but not yet effective.
- Company is not obligated to sell any shares under the agreement.