PAVmed can sell up to $9,400,000 of common stock through A.G.P./Alliance Global Partners under a new at-the-market agreement. Investors gain visibility into the company’s available funding capacity, a 3.0% sales commission, and the stated plan to use net proceeds for Working Capital and general corporate purposes.
Key Highlights
- A.G.P./Alliance Global Partners will receive a 3.0% commission on aggregate gross sales.
- PAVmed will reimburse legal fees up to $65,000 for executing the agreement.
- PAVmed may sell up to $9,400,000 of common stock through A.G.P./Alliance Global Partners.
- The agent’s compensation is 3.0% of aggregate gross sales proceeds.
PAVmed Inc. (NASDAQ: PAVM) may sell up to $9,400,000 of common stock through A.G.P./Alliance Global Partners under a new at-the-market agreement. The arrangement gives PAVmed access to sales made from time to time, with the shares carrying a Par Value of $0.001 per share.
$9,400,000 Stock Sales Capacity
The agreement sets the agent’s compensation at 3.0% of aggregate gross sales proceeds. PAVmed will also cover legal fees up to $65,000 at execution, up to $7,500 for each eligible quarterly representation date, and up to $12,500 for each programme refresh. The contract includes representations, warranties, covenants and indemnification provisions covering liabilities under the Securities Act. Either side may end the arrangement with written notice, while the agent can terminate immediately in certain circumstances.
Proceeds Target Working Capital
The agreement was entered into on September 9, 2026, with Dennis McGrath signing for PAVmed as president and chief financial officer. A.G.P./Alliance Global Partners is based at 590 Madison Avenue, New York, New York 10,022.
FAQs
Q: What is PAVmed’s new ATM stock offering?
A: PAVmed may sell up to $9,400,000 of common stock through A.G.P./Alliance Global Partners. The sales will occur from time to time under an at-the-market arrangement.
Q: What commission will A.G.P. Receive from PAVmed stock sales?
A: A.G.P./Alliance Global Partners will receive a 3.0% commission based on aggregate gross sales prices. PAVmed will also reimburse specified legal expenses.
Q: How will PAVmed use proceeds from the stock offering?
A: PAVmed’s stock offering is intended to provide proceeds for working capital. The agreement covers common stock with a par value of $0.001 per share.
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