BK Technologies enters $15M at-the-market equity offering agreement with ThinkEquity

BK Technologies Corp

Company may sell up to $15M of common stock via ATM sales agent ThinkEquity LLC.
Sales will be made at market prices; commission fixed at 3.0% of gross proceeds.
Company may terminate agreement with 10 days' notice; agent may also terminate.
Company to reimburse agent fees up to $50K initially, plus quarterly caps of $7.5K-$10K.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BK Technologies Corp entered into Sales Agreement with ThinkEquity LLC valued at up to $15,000,000 (effective 2023-01-31).

Action: entry
Agreement: atm program
Counterparty: ThinkEquity LLC
Value: up to $15,000,000
Effective: 2023-01-31

Exact text from the filing

On January 31, 2023, BK Technologies Corporation (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Sales Agent”), pursuant to which the Company may offer and sell, from time to time, through the Sales Agent, shares (the “Shares”) of the Company’s common stock, par value $0.60 per share (the “Common Stock”), having an aggregate offering price of up to $15,000,000

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Source: SEC EDGAR

accession 0001654954-23-001110

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