other material
confidence high
sentiment neutral
materiality 0.50
Viking Therapeutics enters $125M ATM equity offering; terminates prior $75M facility
Viking Therapeutics, Inc.
- Entered $125M ATM agreement with Stifel, Truist, and H.C. Wainwright for common stock sales at market prices.
- Agents receive 3.0% commission on gross proceeds from sales under the new ATM facility.
- Proceeds to fund continued development of VK2809 and VK0214 programs and general corporate purposes.
- Terminated prior $75M ATM agreement (Aug 2019) with Stifel and Oppenheimer; no shares ever sold under that facility.
- Registration statement for the $125M offering filed but not yet effective; shares may not be sold until effective.