other material
confidence high
sentiment neutral
materiality 0.40
Rallybio reduces ATM offering cap from $100M to $9.55M under Sales Agreement with TD Cowen
Rallybio Corp
- Amendment reduces aggregate offering price from $100,000,000 to $9,550,000.
- As of March 13, 2025, no shares have been sold under the Sales Agreement.
- TD Cowen receives up to 3.0% commission on gross proceeds in at-the-market sales.
- Sales limited by public float rule: cannot exceed one-third of non-affiliate market value if public float <$75M.