---
schema_version: "secwatch.filing_event.v1"
accession: "0001689548-24-000013"
form_type: "8-K"
ticker: "PRAX"
cik: "0001689548"
company_name: "Praxis Precision Medicines, Inc."
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:35:06.791132+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Praxis Precision Medicines terminates $75M ATM equity distribution agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001689548-24-000013
- form_type: 8-K
- ticker: PRAX
- cik: 0001689548
- company_name: Praxis Precision Medicines, Inc.
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689548/000168954824000013/0001689548-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689548/000168954824000013/prax-20240110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001689548-24-000013
- JSON: https://secwatch.observer/filing/0001689548-24-000013.json
- Plain text: https://secwatch.observer/filing/0001689548-24-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.