other material
confidence high
sentiment neutral
materiality 0.55
aTyr Pharma enters into $65M at-the-market offering agreement with Jefferies, terminates prior JonesTrading ATM
aTYR PHARMA INC
- aTyr Pharma entered into Open Market Sale Agreement with Jefferies LLC to sell up to $65M of common stock at market prices on Nasdaq.
- The agreement includes a 3.0% commission to Jefferies on gross proceeds from each sale of shares.
- Company terminated the prior Capital on Demand Sales Agreement with JonesTrading Institutional Services LLC dated March 23, 2021.
- Prior agreement allowed up to $25M in common stock sales through JonesTrading as sales agent.
- Shares will be sold under existing shelf registration statement (File No. 333-250095) effective November 23, 2020.