Summary by Futu AI
On April 10, 2024, FuelCell Energy, Inc. announced the entry into Amendment No. 1 to their 2022 Sales Agreement with a consortium of investment banks, including Jefferies LLC and J.P. Morgan Securities LLC, among others. This amendment pertains to an at-the-market offering program allowing the company to sell up to $300 million of its common stock. The shares will be sold pursuant to a shelf registration statement that became effective on October 13, 2023. The company filed a prospectus supplement related to the offering on the same day as the amendment. Sales may be made at market prices and the company has agreed to pay a commission of 2.0% on gross proceeds from each sale to the agents, along with reimbursing legal fees up to...Show More