Summary by Futu AI
ZyVersa Therapeutics has entered into a Sales Agreement with A.G.P./Alliance Global Partners on September 16, 2024, establishing an at-the-market (ATM) offering program with an aggregate offering price of up to $1,397,396. Under the agreement, A.G.P. will serve as the sales agent and receive a 3% commission on gross proceeds from share sales.The shares will be sold at prevailing market prices through methods permitted under Rule 415(a)(4) of the Securities Act. The offering is being conducted pursuant to the Company's effective S-3 shelf registration statement filed with the SEC. While there is no minimum offering amount required, the agreement will automatically terminate upon reaching the maximum offering amount.The Company plans to use the net proceeds for working capital and general corporate purposes, including administrative and research and development expenses. The agreement includes standard termination provisions and allows either party to suspend or terminate the offering under specified conditions.