share_log

Biomerica | 424B5: Prospectus

SEC ·  May 11 05:25

Summary by Futu AI

On May 10, 2024, Biomerica entered into an At Market Issuance Sales Agreement with EF Hutton LLC and R.F. Lafferty & Co., Inc., to offer and sell shares of common stock up to $5,500,000. The common stock is traded on the NASDAQ under the symbol 'BMRA.' The previous day's closing sale price was $0.6138 per share. The sales may be made through 'at the market offerings' as defined by the Securities Act. The Sales Agents, acting as underwriters, will receive a commission of 2.0% of the gross proceeds from any sales. Biomerica has also agreed to indemnify the Sales Agents against certain liabilities. As of May 9, 2024, the aggregate market value of outstanding common stock held by non-affiliates was approximately $17,308,196. The company has not sold any shares of common stock under General Instruction I.B.6 of Form S-3 in the 12 months prior to the prospectus supplement date. Investing in the securities involves risks, detailed in the 'Risk Factors' section starting on page S-5 of the prospectus.
On May 10, 2024, Biomerica entered into an At Market Issuance Sales Agreement with EF Hutton LLC and R.F. Lafferty & Co., Inc., to offer and sell shares of common stock up to $5,500,000. The common stock is traded on the NASDAQ under the symbol 'BMRA.' The previous day's closing sale price was $0.6138 per share. The sales may be made through 'at the market offerings' as defined by the Securities Act. The Sales Agents, acting as underwriters, will receive a commission of 2.0% of the gross proceeds from any sales. Biomerica has also agreed to indemnify the Sales Agents against certain liabilities. As of May 9, 2024, the aggregate market value of outstanding common stock held by non-affiliates was approximately $17,308,196. The company has not sold any shares of common stock under General Instruction I.B.6 of Form S-3 in the 12 months prior to the prospectus supplement date. Investing in the securities involves risks, detailed in the 'Risk Factors' section starting on page S-5 of the prospectus.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.