other material
confidence high
sentiment neutral
materiality 0.50
Beyond Air enters $35M ATM equity offering with BTIG; initially capped at $9.9M due to public float
Beyond Air, Inc.
- ATM sales agreement with BTIG allows sale of up to $35M of common stock at Company's discretion.
- Initial registered amount capped at $9,892,518 due to public float limitations; further sales require additional prospectus supplement.
- Agent commission of up to 3% of gross proceeds; Company not obligated to sell any shares.
- Agreement terminates upon sale of all shares or earlier termination; sales via 'at the market' methods.