secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001628280-23-005593
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023005593/0001628280-23-005593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000162828023005593/xncr-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005593

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer