other material
confidence high
sentiment neutral
materiality 0.65
Dermata Therapeutics enters ATM equity facility for up to ~$1.16M
Dermata Therapeutics, Inc.
- ATM Agreement with H.C. Wainwright for at-the-market issuance of common stock up to $1,157,761 aggregate market value.
- Commission rate 3.0% of gross sales price; expense reimbursement up to $70,000 plus periodic due diligence fees.
- Company has no obligation to sell; sales at prevailing market prices on Nasdaq under effective shelf registration statement.
- Offering terminates upon sale of all shares or earlier termination by either party.