Stabilis Solutions enters $16.3M ATM equity distribution agreement with Johnson Rice

Stabilis Solutions, Inc.

May sell up to $16,274,617 of common stock via at-the-market offering through Johnson Rice as sales agent.
Sales agent commission set at 3.0% of gross proceeds; Company also reimburses expenses.
Proceeds to be used for general corporate purposes, including capex, debt repayment, acquisitions, and share repurchases.
Offering is made under the Company's existing effective shelf registration statement (Form S-3).
Agreement terminates upon sale of full $16.3M or earlier by either party, with no obligation to sell.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Stabilis Solutions, Inc. entered into Equity Distribution Agreement with Johnson Rice & Company L.L.C. valued at $16,274,617 (effective 2022-12-16).

Action: entry
Agreement: atm program
Counterparty: Johnson Rice & Company L.L.C.
Value: $16,274,617
Effective: 2022-12-16

Exact text from the filing

On December 16, 2022 , Stabilis Solutions, Inc. (the “ Company ”), entered into an Equity Distribution Agreement (the “ Agreement ”) with Johnson Rice & Company L.L.C. (the “ Sales Agent ”).

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Stabilis Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-032099

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