Retail-Drug Stores and Proprietary Stores

Corporate ActionJul 20, 2026, 08:36 AM

Ridgetech Terminates $200M ATM Offering Sales Agreement

AI Summary

Ridgetech Inc. announced the termination of its Sales Agreement with AC Sunshine Securities LLC, effective immediately as of July 11, 2026. This agreement facilitated an At-The-Market (ATM) Offering, allowing the company to sell up to $200,000,000 in ordinary shares. Concurrently, sales under the ATM Offering have been suspended, with no placement notices delivered since July 11, 2026. The company had sold an aggregate of 3,487,171 ordinary shares through the ATM Offering as of the suspension date.

Key Highlights

Ridgetech Inc. terminated its Sales Agreement with AC Sunshine Securities LLC.
The termination is effective immediately, subject to pending settlements.
Sales under the At-The-Market (ATM) Offering were suspended effective July 11, 2026.
The ATM Offering allowed for the sale of up to $200,000,000 in ordinary shares.
As of July 11, 2026, 3,487,171 ordinary shares were sold under the ATM Offering.

View SEC Filing

RDGT

Retail-Drug Stores and Proprietary Stores

Ridgetech Inc.

Price Impact