other material
confidence high
sentiment neutral
materiality 0.60
Serina Therapeutics enters ATM facility for up to $13.3M common stock sale
Serina Therapeutics, Inc.
- Entered Capital on Demand Sales Agreement with JonesTrading for at-the-market offering of up to $13,270,500 in common stock.
- JonesTrading will receive 3.0% commission on gross sales; company also reimburses up to $50,000 in legal expenses.
- Sales will occur on NYSE American or other trading markets at the company's direction; no minimum obligation to sell.
- Updated description of capital stock filed as Exhibit 4.1 to reflect recent certificate of designations.
- Proceeds intended for general corporate purposes; offering registered on Form S-3 (File No. 333-286340).