BioRestorative Therapies (NASDAQ: BRTX) trims $1.02M ATM capacity
Rhea-AI Filing Summary
BioRestorative Therapies is amending its at-the-market common stock offering to an aggregate offering price of up to $1,017,040 under its agreement with Rodman & Renshaw LLC. This prospectus supplement updates the prior prospectus supplement and forms part of the company’s existing Form S-3 shelf registration.
The company states that its public float is $12,339,869, calculated using 6,706,451 shares of common stock held by non-affiliates at $1.84 per share as of August 29, 2025, and that it has sold $2,011,249 of common stock under the registration statement during the last 12 calendar months pursuant to General Instruction I.B.6. The shares trade on the Nasdaq Capital Market under the symbol BRTX, with a last reported sales price of $1.50 per share on October 3, 2025.
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FAQ
What is BioRestorative Therapies (BRTX) changing in this prospectus supplement?
BioRestorative Therapies is amending its existing at-the-market common stock offering so that it may offer and sell shares up to an aggregate offering price of $1,017,040 through Rodman & Renshaw LLC under its Form S-3 shelf registration.
What type of stock offering is BioRestorative Therapies (BRTX) using?
The company is using an at-the-market offering structure for its common stock, conducted from time to time under an At the Market Offering Agreement with Rodman & Renshaw LLC as sales agent or principal.
How large is the BioRestorative Therapies (BRTX) at-the-market program under this supplement?
Under this supplement, BioRestorative Therapies may offer and sell shares of its common stock for an aggregate offering price of up to $1,017,040 pursuant to the sales agreement and the related prospectus documents.
What is BioRestorative Therapies’ (BRTX) current public float under Form S-3 rules?
The company reports a public float of $12,339,869, based on 6,706,451 shares of common stock held by non-affiliates at a price of $1.84 per share, using the August 29, 2025 Nasdaq Capital Market closing price.
How much stock has BioRestorative Therapies (BRTX) sold under the current S-3 in the past 12 months?
During the last 12 calendar months prior to and including the date of this supplement, BioRestorative Therapies has sold $2,011,249 of its common stock under the Form S-3 registration statement pursuant to General Instruction I.B.6.
What Nasdaq symbol and recent trading price are disclosed for BioRestorative Therapies (BRTX)?
The company’s common stock trades on the Nasdaq Capital Market under the symbol BRTX, and the last reported sales price disclosed is $1.50 per share on October 3, 2025.
What limitation does BioRestorative Therapies (BRTX) note under Form S-3 General Instruction I.B.6?
The company notes that, under General Instruction I.B.6 of Form S-3, it will not sell securities in a public primary offering with a value exceeding one-third of its public float in any 12-calendar month period while its public float remains below $75 million.
