Corporate ActionJul 1, 2026, 11:57 AM
Flexible Solutions Enters $18.5M ATM Stock Sales Agreement
AI Summary
Flexible Solutions International, Inc. has entered into an At-The-Market (ATM) Sales Agreement with Bancroft Capital, LLC. This agreement allows the company to sell and issue common stock with a total value of $18.5 million. Flexible Solutions will pay the Sales Agent a 3% cash fee on gross proceeds, reimburse certain expenses up to $30,000, and pay an additional $5,000 per quarter for expenses.
Key Highlights
- Flexible Solutions International entered an ATM Sales Agreement with Bancroft Capital, LLC.
- The agreement allows for the sale and issuance of common stock valued at $18,500,000.
- The Company will pay the Sales Agent a cash fee equal to 3% of the gross proceeds.
- Sales Agent will be reimbursed for expenses, including counsel fees, up to $30,000.
- An additional $5,000 per quarter will be paid to the Sales Agent for expenses until termination.
- Securities will be offered under the Company's effective Form S-3 registration statement.
Price Impact
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