Examples of ATM Facility in a sentence
The Company will determine, at its sole discretion, the date, minimum price and maximum number of common shares to be sold under the ATM Facility.
The Group is not required to sell any shares at any time during the term of the ATM Facility, and there are no fees for having established the ATM Facility.
The ATM Facility provides the Company the opportunity to sell its common shares with an aggregate offering price of up to USD 200.0 million.
For purposes hereof, any issuance or sale, or deemed issuance or sale, of shares of Common Stock in a calendar month under an ATM Facility shall not be aggregated with any such issuance or sale on any other calendar month.
As of June 30, 2020, the Company has fully utilized and closed the 2019 ATM Facility.
In the event it requires additional capital, it will endeavor to acquire additional funds through various financing sources, including the ATM Facility, follow-on equity offerings, debt financing and joint ventures with industry partners.
The Company has not issued any capital stock since its most recently filed periodic report under the Exchange Act, other than pursuant to the ATM Facility, the exercise of employee stock options under the Company’s stock option plans, the issuance of shares of Common Stock to employees pursuant to the Company’s employee stock purchase plans and pursuant to the conversion and/or exercise of Common Stock Equivalents outstanding as of the date of the most recently filed periodic report under the Exchange Act.
We determine, at our sole discretion, the timing and number of shares to be sold under this ATM Facility.
Subject to the Facility Limit and the Commencement Date, the Bank shall grant a loan to the Borrower in one lump sum or the Borrower may utilise the Facility and draw Advances from time to time by using the ATM Facility Card with the Borrower's identification document (HKID or passport) as verification at any of the Bank's branches (in respect of an over the counter drawing) or with the PIN at any of the Bank's ATM or at any JETCO ATM (in respect of an ATM drawing).
Under the terms of the ATM Facility, we may, from time to time, sell common shares having an aggregate offering value of up to $30 million through Cantor Fitzgerald on the Nasdaq Capital Market.