other material
confidence high
sentiment negative
materiality 0.90
Inotiv signs $50M ATM equity facility with Jefferies, 3% commission
Inotiv, Inc.
- $50M of common shares may be sold from time to time via Jefferies as agent in at-the-market offerings.
- Jefferies receives 3.0% commission on gross proceeds of any shares sold under the agreement.
- Offering made under existing effective shelf registration statement filed Aug 2022.
- Company not obligated to sell shares; sales only at Inotiv's instruction to Jefferies.
- Termination provisions; no assurance that any shares will be issued.