Corporate ActionJul 28, 2026, 05:06 PM
Ridgetech Establishes New $184.7M ATM Offering Program
AI Summary
Ridgetech Inc. has established a new at-the-market (ATM) offering program by entering into a sales agreement with Pacific Century Securities, LLC. This agreement allows the company to offer and sell ordinary shares worth up to $184,720,213. The new program replaces a previous ATM offering program with AC Sunshine Securities LLC, which was temporarily suspended and terminated.
Key Highlights
- Ridgetech Inc. entered into a new sales agreement with Pacific Century Securities, LLC.
- The agreement allows for the offer and sale of ordinary shares with an aggregate price of up to $184,720,213.
- This new agreement replaces a prior sales agreement with AC Sunshine Securities LLC, which was terminated.
- The Sales Agent will receive a commission of 3.5% of the aggregate gross proceeds from each sale.
- The Company agreed to reimburse the Sales Agent for certain specified expenses up to $100,000.
Price Impact
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