Core AI Holdings (CHAI) sets up $3.54M at-the-market stock sales deal
Rhea-AI Filing Summary
Core AI Holdings, Inc. established an at-the-market equity program, entering into a Market Issuance Sales Agreement with D. Boral Capital LLC to sell common shares with an aggregate offering price of up to $3,539,021. These shares may be offered from time to time under the company’s effective shelf registration statement on Form F-3.
D. Boral will act as sales agent or principal and receive a 2.0% commission on gross proceeds from any common shares sold, plus reimbursement of specified expenses. The agreement includes customary representations, covenants, indemnification provisions, and can be terminated by either party in accordance with its terms.
Positive
- None.
Negative
- None.
Filing Explained
The program adds up to $3,539,021 of potential equity capacity; no completed sale is reported, so dilution depends on future share sales.
Core AI Holdings entered an agreement and filed a prospectus supplement for an ATM program allowing up to
An ATM program permits gradual sales into the market at prevailing prices. The effective shelf registration and prospectus supplement provide the framework for the offering, while the filing describes actual sales as transactions that may occur under the agreement.
The amount actually sold remains unresolved in this filing, and the Sales Agreement may be terminated by either the company or D. Boral under its terms.
Key Figures
Key Terms
at the market offering financial
shelf registration statement regulatory
Market Issuance Sales Agreement financial
gross proceeds financial
indemnify regulatory
Offering Details
FAQ
What ATM equity program did Core AI Holdings (CHAI) put in place?
How much can Core AI Holdings (CHAI) raise through the new ATM?
What commission will D. Boral earn in the Core AI Holdings (CHAI) ATM program?
Who is acting as sales agent in Core AI Holdings’ (CHAI) ATM offering?
AI-generated analysis. How Rhea-AI works. Not financial advice.