secwatch.observer — SEC 8-K summary
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Issuer:     Instil Bio, Inc. (TIL)
CIK:        0001789769
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001789769-25-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Instil Bio enters $100M at-the-market stock offering with Jefferies
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- Sales agreement with Jefferies LLC allows ATM sales of up to $100M in common stock.
- Agent receives 3.0% commission on gross sales price per share sold.
- Sales may be made directly on Nasdaq Capital Market; Company not obligated to sell.
- Agreement terminates upon full sale or 10 trading days' notice from either party.
- Prospectus supplement filed March 28, 2025 under effective S-3 registration statement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789769/000178976925000024/0001789769-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789769/000178976925000024/til-20250328.htm
  HTML page:      https://secwatch.observer/filing/0001789769-25-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer