other material
confidence high
sentiment neutral
materiality 0.60
Ellington Credit upsizes ATM offering to $190M; $125.4M already sold
Ellington Credit Co
- Maximum aggregate offering price increased to $190.0 million under amended equity distribution agreements.
- Approximately $125.4 million of shares sold prior to amendment; remaining capacity ~$64.6 million.
- Shares offered at-the-market on NYSE through agents; agents receive up to 2.0% of gross proceeds.
- Agent Armstrong Securities LLC is an affiliate of the company.
- Prospectus supplement dated February 11, 2025 filed with the SEC.