---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-005593"
form_type: "8-K"
ticker: "XNCR"
cik: "0001326732"
company_name: "Xencor Inc"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:24:35.213521+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Xencor enters into $200M ATM equity offering program with SVB Securities

## Summary
- Up to $200M of common stock may be sold at the market through SVB Securities under Sales Agreement dated Feb 27, 2023.
- Sales agent compensation capped at 3.0% of gross proceeds; net proceeds for R&D, capex, working capital.
- Company not obligated to sell any shares; program can be suspended or terminated by either party at any time.
- No current acquisition plans, though proceeds could be used for investments in complementary businesses.

## SEC filing metadata
- accession: 0001628280-23-005593
- form_type: 8-K
- ticker: XNCR
- cik: 0001326732
- company_name: Xencor Inc
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326732/000162828023005593/0001628280-23-005593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326732/000162828023005593/xncr-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-005593
- JSON: https://secwatch.observer/filing/0001628280-23-005593.json
- Plain text: https://secwatch.observer/filing/0001628280-23-005593.txt

## Key facts
- Material Agreements
  Xencor Inc entered into Sales Agreement with SVB Securities LLC valued at up to $200 million (effective 2023-02-27).
  - Action: entry
  - Agreement: atm program
  - Counterparty: SVB Securities LLC
  - Value: up to $200 million
  - Effective: 2023-02-27
  source text: On February 27, 2023, Xencor, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with SVB Securities LLC (the “Sales Agent”), pursuant to which the Company may issue and sell through the Sales Agent up to $200 million of shares of common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326732/000162828023005593/0001628280-23-005593-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.