other material
confidence high
sentiment neutral
materiality 0.50
Pliant Therapeutics enters $50M at-the-market equity facility with Leerink; terminates prior Cantor agreement
PLIANT THERAPEUTICS, INC.
- Entered Sales Agreement with Leerink Partners for ATM offering of common stock up to $50 million.
- Terminated 2021 Sales Agreement with Cantor Fitzgerald; no penalties incurred and no shares had been sold under it.
- New ATM program provides continued market-based equity financing flexibility.