other material
confidence high
sentiment neutral
materiality 0.50
ESS Tech enters ATM equity offering program for up to $13.5M
ESS Tech, Inc.
- Entered Sales Agreement with Robert W. Baird & Co. for at-the-market offering.
- Maximum aggregate offering price of $13,504,438 of common stock.
- Net proceeds to be used for working capital and general corporate purposes.
- Agent commission of up to 3% of gross sales price.
- Company is not obligated to sell any shares under the agreement.