YY Group pauses At-The-Market equity offering program, effective immediately

YY Group (YYGH) announced that it has instructed its sales agents, Spartan Capital Securities and Wilson-Davis & Co., to pause the company’s At-The-Market equity offering program, effective immediately. In connection with the pause, the company has directed the return and cancellation of 1,004,107 shares of common stock that were allocated to the sales agents but were not offered or sold into the market. Upon completion of the cancellation process, total shares of common stock outstanding will be reduced from 4,278,935 to 3,274,828. The company expects the cancellation to be completed on or around April 3. No further shares will be issued under the ATM program while the pause remains in effect. The ATM program provides for the sale of up to $20M in shares of common stock. The company retains the ability to reactivate the program in the future but has no current plans to do so.