other material
confidence high
sentiment neutral
materiality 0.50
Sonim Technologies enters ATM equity offering agreement for up to $8.94M
DNA X, Inc.
- Company entered Sales Agreement with Roth Capital Partners for ATM offering of common stock up to $8,943,000.
- Shares sold at prevailing market prices; Agent receives 3.0% commission on gross proceeds.
- Company not obligated to sell any shares; no assurance of any sales under the agreement.
- Securities issued under effective shelf registration statement (File No. 333-278577).
- Agreement includes indemnification; may be terminated by either party upon prior notice.