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Fitzgerald & Co. (the "Agent"), pursuant to which the Company, from time to time, may offer and sell shares (the "ATM Shares") of its common stock, par value $0.00001 per share (the "Common Stock"), through or to the Agent having an aggregate sales price of up to $50,000,000 (the "ATM Offering").
Subject to the terms and conditions of the Sales Agreement, the Agent will use its commercially reasonable efforts to sell the ATM Shares from time to time, based upon the Company's instructions. The Company has provided the Agent with customary indemnification rights, and the Agent will be entitled to a commission of up to 3.0% of the gross proceeds from each sale of the ATM Shares effectuated through or to the Agent.
Posted In: BNC
