other material
confidence high
sentiment neutral
materiality 0.60
Know Labs enters ATM agreement with JonesTrading for up to $5M common stock offering
USBC, Inc.
- Entered Capital on Demand Sales Agreement with JonesTrading Institutional Services LLC as sales agent.
- May offer and sell up to $5,000,000 in common shares at prevailing market prices via at-the-market offering.
- JonesTrading will receive up to 3.0% commission on gross proceeds; Company covers certain expenses.
- Offering made under effective shelf registration statement (Form S-3) filed Dec 2023, effective Jan 2024.
- No obligation to sell or buy any shares; JonesTrading acts on commercially reasonable efforts basis.