other material
confidence high
sentiment neutral
materiality 0.50
Praxis Precision Medicines terminates $75M ATM equity distribution agreement
Praxis Precision Medicines, Inc.
- Terminated Open Market Sale Agreement with Jefferies LLC effective Jan 10, 2024.
- No termination penalties were incurred.
- Prior to termination, sold 404,643 shares for aggregate gross proceeds of ~$9.6M.
- The agreement had allowed for up to $75M in common stock sales.