other_material
confidence high
sentiment neutral
materiality 0.50
GRI Bio increases ATM offering capacity by $1.76M after selling $4.55M previously
GRI Bio, Inc.
- Filed prospectus supplement to increase maximum shares issuable under ATM to $1,758,934.
- Previously sold ~$4,546,137 in shares under May 2024 Sales Agreement with H.C. Wainwright.
- Total potential gross proceeds under the ATM program now approximately $6.3 million.
- Shares to be sold at market prices; proceeds for general corporate purposes.
- Legal opinion on share issuance from Mintz Levin attached as Exhibit 5.1.
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