Corporate ActionAug 6, 2026, 05:25 PM
Innodata Establishes $300M At-The-Market Equity Offering Program
AI Summary
Innodata Inc. has entered into an equity distribution agreement with several sales agents to establish an "at-the-market" equity offering program. Under this agreement, the company may offer and sell shares of its common stock with an aggregate offering price of up to $300 million. The sales agents, including Goldman Sachs and Wells Fargo, will receive a commission of up to 2.0% of the gross proceeds from any sales.
Key Highlights
- Innodata Inc. entered into an equity distribution agreement for an at-the-market offering.
- The company may offer and sell up to $300,000,000 of its common stock.
- Sales agents include Goldman Sachs, Craig-Hallum, Wells Fargo, Maxim Group, and Wedbush Securities.
- Sales agents will receive a commission of up to 2.0% of the gross proceeds.
- The offering will be made pursuant to a shelf registration statement on Form S-3.
Price Impact
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