Corporate ActionMay 27, 2026, 06:01 AM
Callan JMB Enters $5M At-The-Market Equity Offering Agreement
AI Summary
Callan JMB Inc. has entered into an At-The-Market Issuance Sales Agreement with Alexander Capital, L.P., enabling the company to sell up to $5,000,000 of its common stock. Sales will occur "at the market" on the Nasdaq Capital Market or other trading venues. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.
Key Highlights
- Callan JMB Inc. entered into an At-The-Market (ATM) Issuance Sales Agreement with Alexander Capital, L.P.
- The agreement allows the company to offer and sell up to $5,000,000 of its common stock.
- Sales will be made through Alexander Capital, L.P. as the sales agent.
- The company will pay Alexander Capital a commission of 3.0% of the gross proceeds from sales.
- Initial expense reimbursement to Alexander Capital is capped at $50,000, with $3,000 quarterly thereafter.
- Net proceeds from the offering will be used for working capital and general corporate purposes.
Price Impact
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