other material
confidence high
sentiment neutral
materiality 0.55
AIM ImmunoTech enters ATM offering agreement for up to $3M common stock
AIM ImmunoTech Inc.
- Entered Equity Distribution Agreement with Maxim Group LLC for at-the-market offering of up to $3M common stock.
- Currently limited to selling $663,329 due to Form S-3 General Instruction I.B.6; registration statement not yet effective.
- Maxim receives 3.0% commission on gross proceeds; expense reimbursement up to $50,000 initial, $5,000 quarterly.
- Net proceeds to be used for working capital and general corporate purposes.
- Agreement may be terminated by either party on 15 days' notice or after 24 months.