Nauticus Robotics Inked a Deal with H.C. Wainwright & Co to Sell Shares Under At the Market Offering
Portfolio Pulse from Benzinga Newsdesk
Nauticus Robotics, Inc. has entered into an At the Market Offering Agreement with H.C. Wainwright & Co., LLC to sell shares of common stock. The company will pay a broker fee of 3% of the gross sales price of the shares sold.
May 20, 2024 | 10:26 am
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Nauticus Robotics, Inc. has entered into an At the Market Offering Agreement with H.C. Wainwright & Co., LLC to sell shares of common stock. The company will pay a broker fee of 3% of the gross sales price of the shares sold.
The at-the-market offering could lead to dilution of existing shares, which may negatively impact the stock price in the short term. The broker fee of 3% also adds to the cost of the offering.
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