On February 13, 2024, Larimar Therapeutics Terminated Sales Agreement With Guggenheim Securities Entered On November 10, 2022. Under The Sales Agreement, The Company Was Permitted To Offer And Sell Shares Of Up To $50M - 8K
Portfolio Pulse from Benzinga Newsdesk
Larimar Therapeutics has terminated its sales agreement with Guggenheim Securities, which was initially entered into on November 10, 2022. This agreement allowed Larimar Therapeutics to offer and sell shares up to $50 million.
February 14, 2024 | 11:12 am
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NEGATIVE IMPACT
Larimar Therapeutics' termination of its sales agreement with Guggenheim Securities could impact investor sentiment and potentially affect the company's liquidity by halting the sale of up to $50 million in shares.
The termination of the sales agreement may raise concerns among investors regarding Larimar Therapeutics' liquidity and future financing plans. This could lead to negative sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90