other material
confidence high
sentiment neutral
materiality 0.50
Aspen Group enters $3M ATM equity distribution agreement with Northland Securities
ASPEN GROUP, INC.
- Issuance of up to $3.0M of common stock via an at-the-market offering through Northland Securities.
- Northland receives 3% of gross proceeds; Company reimburses legal fees up to $50k; total offering expenses ~$115k.
- Shares sold on Nasdaq or other U.S. markets; prospectus supplement filed August 18, 2022.
- Registration Statement on Form S-3 (File No. 333-251459) declared effective; proceeds for general corporate purposes.