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Asset Entities | 8-K: Current report

SEC ·  Sep 30, 2024 20:03

Summary by Futu AI

Asset Entities Inc. entered into a Sales Agreement with A.G.P./Alliance Global Partners on September 27, 2024, establishing an at-the-market offering program. Under the agreement, the company can issue and sell up to $1,791,704 worth of Class B Common Stock through A.G.P. as sales agent, with sales executed at the company's discretion.The Sales Agent will receive a 3% commission on gross sales and up to $60,000 in reimbursement for reasonable fees and expenses, plus quarterly maintenance fees not exceeding $5,000. The offering will be conducted under the company's effective S-3 shelf registration statement, which was declared effective on April 26, 2024.Either party can terminate the agreement with five days' notice, and the offering will conclude upon reaching the maximum sale amount or early termination. Settlement for sales will occur on the first trading day following transactions through The Depository Trust Company facilities.
Asset Entities Inc. entered into a Sales Agreement with A.G.P./Alliance Global Partners on September 27, 2024, establishing an at-the-market offering program. Under the agreement, the company can issue and sell up to $1,791,704 worth of Class B Common Stock through A.G.P. as sales agent, with sales executed at the company's discretion.The Sales Agent will receive a 3% commission on gross sales and up to $60,000 in reimbursement for reasonable fees and expenses, plus quarterly maintenance fees not exceeding $5,000. The offering will be conducted under the company's effective S-3 shelf registration statement, which was declared effective on April 26, 2024.Either party can terminate the agreement with five days' notice, and the offering will conclude upon reaching the maximum sale amount or early termination. Settlement for sales will occur on the first trading day following transactions through The Depository Trust Company facilities.

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