other material
confidence high
sentiment neutral
materiality 0.55
LendingTree enters $50M at-the-market equity distribution agreement with BofA and Citigroup
LendingTree, Inc.
- May sell up to $50M of common stock via agents BofA Securities and Citigroup as at-the-market offerings.
- Managers receive commission up to 3.0% of gross proceeds; company not obligated to sell any shares.
- Sales under existing shelf registration (File No. 333-278973) effective July 11, 2024.
- Agreement dated July 30, 2024; terminates in accordance with its terms.