ATM stock plan lifted to $8.84M for CING (NASDAQ: CING) investors
Rhea-AI Filing Summary
The company with Nasdaq symbol CING filed a prospectus supplement that permits at-the-market sales of its common stock with an aggregate offering price of up to $8,840,000 through H.C. Wainwright & Co. under an existing sales agreement. This updates the capacity available under Form S-3 General Instruction I.B.6 and follows earlier sales of common stock with an aggregate sales price of $15,145,503.74 under the prior prospectus.
As of January 12, 2026, the public float was $37,286,229.76, based on 7,339,809 shares held by non-affiliates at a price of $5.08 per share, while the last reported sale price on the Nasdaq Capital Market was $4.87 per share. Over the 12 months up to this supplement, the company sold securities with an aggregate market value of $3,588,312.46 under the same Form S-3 instruction.
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FAQ
What is the new at-the-market capacity for CING common stock?
The supplement states that the company may offer and sell shares of its common stock having an aggregate offering price of up to $8,840,000 from time to time through H.C. Wainwright & Co. under the at-the-market program.
How much stock has already been sold under the prior CING prospectus?
The document notes that shares of common stock with an aggregate sales price of $15,145,503.74 were sold pursuant to the prior prospectus before this supplement.
What is CING’s public float as referenced in this supplement?
As of January 12, 2026, the aggregate market value of outstanding common stock held by non-affiliates, or public float, was $37,286,229.76, based on 7,339,809 shares at $5.08 per share.
What recent market prices for CING common stock are disclosed?
The public float calculation used a price of $5.08 per share, the closing price on January 8, 2026, and the last reported sale price on January 12, 2026, was $4.87 per share on the Nasdaq Capital Market.
How much has CING sold under Form S-3 General Instruction I.B.6 in the past year?
The company reports that during the 12 calendar months prior to and including the date of this prospectus, it sold securities with an aggregate market value of $3,588,312.46 pursuant to General Instruction I.B.6 of Form S-3.
Which firm acts as sales agent for CING’s at-the-market offering?
H.C. Wainwright & Co., LLC is identified as the agent under the at-the-market offering agreement through which the company may sell its common stock.
