Before the market opened, the company disclosed in a regulatory filing that it entered into a sales agreement, dated August 13, with Clear Street relating to shares of its common stock. In accordance with the terms of the sales agreement, the company may offer and sell shares of its common stock having a maximum aggregate offering price of up to $500M from time to time through Clear Street, acting as its sales agent, or the ATM offering.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATNF:
- 180 Life Sciences Enters $500M Sales Agreement
- 180 Life Sciences Rebrands to ETHZilla Corporation
- Peter Thiel-Backed ETHZilla Mirrors BitMine’s Crypto Play as Shares Rocket over 200% in 2 Days
- 180 Life Sciences Stock (ATNF) Rockets 80% on $350M Ethereum Purchase
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!