other material
confidence high
sentiment neutral
materiality 0.70
Stereotaxis enters ATM equity agreement to sell up to $50M of common stock
Stereotaxis, Inc.
- Agreement with Roth Capital Partners for at-the-market offering of up to $50M in common stock.
- Proceeds to fund working capital, R&D, and accelerated commercialization of innovation pipeline.
- Placement fee of up to 3.0% of gross sales; expense reimbursement up to $50k initial and $5k per quarter.
- Shares sold under existing Form S-3 shelf registration (File No. 333-272102); company not obligated to sell.