other material
confidence high
sentiment neutral
materiality 0.50
Connexa enters $11.35M at-the-market equity offering with A.G.P.
AIRWA INC.
- Up to $11,347,850 of common stock may be sold via A.G.P./Alliance Global Partners as sales agent.
- Agent receives 3% of gross proceeds from each sale; company reimburses up to $50k in costs plus $20k/yr maintenance.
- Offering is 'at the market' under Rule 415(a)(4); no obligation to sell any shares.
- Sales agreement terminates upon selling full amount, registration statement expiration (3 yrs), or earlier by notice.
- Agreement filed as exhibit to concurrent S-3 registration statement (File 333-279880).