other material
confidence high
sentiment neutral
materiality 0.60
Trevi Therapeutics expands at-the-market equity facility by $50M to $62M total
Trevi Therapeutics, Inc.
- Amended Sales Agreement with SVB Securities to increase max aggregate offering from $12M to $62M, adding $50M in capacity.
- Shares sold in ATM offerings under Rule 415; SVB receives 3.0% commission on gross proceeds.
- Company will file a prospectus supplement under existing shelf registration statement (File No. 333-239499).
- No obligation to sell; either party may suspend the offering at any time.
- SVB affiliate Silicon Valley Bank is lender under a separate $14M term loan.