Corporate ActionMay 8, 2026, 05:31 PM
Ouster to offer up to $100M in common stock via ATM program
AI Summary
Ouster, Inc. has entered into a Sales Agreement with several agents to potentially offer and sell up to $100 million of its common stock. The shares will be sold through an "at the market offering" mechanism. The company will pay commissions up to 3.0% on sales, and the net proceeds are earmarked for general corporate purposes, including working capital.
Key Highlights
- Ouster entered into a Sales Agreement with Oppenheimer & Co. Inc., Northland Securities, Inc., Rosenblatt Securities Inc., and Roth Capital Partners, LLC.
- The company may offer and sell shares of common stock with an aggregate offering price of up to $100 million.
- Shares will be sold through an "at the market offering" under Rule 415(a)(4) of the Securities Act.
- The company will pay the Agents a commission of up to 3.0% of the gross proceeds from each sale.
- Net cash proceeds are intended for general corporate purposes, including working capital.