VirnetX to Offer Up to $19.1M in Common Stock

VirnetX Holding Corp has entered into an At the Market Offering Agreement with Titan Partners Securities LLC, allowing the company to sell up to $19,135,717 of its common stock. The net proceeds from these sales are intended for product development, marketing, and general corporate purposes, including working capital and capital expenditures. The agreement allows the company to sell shares from time to time through the Agent, which will use commercially reasonable efforts to sell the shares. VirnetX will pay a commission of 3.0% on gross sales.