Edesa Biotech (NASDAQ: EDSA) files update on $2,262,508 ATM share program
Rhea-AI Filing Summary
Edesa Biotech, Inc. reported that on December 12, 2025 it filed a prospectus supplement to increase to $2,262,508 the maximum aggregate amount of common shares that may be issued under its at-the-market offering agreement with H.C. Wainwright & Co.
The company disclosed that it has previously sold an aggregate of $3,718,324.61 of common shares under a prior prospectus supplement and $837,134 under a 2024 prospectus supplement for the same registration statement. The report also notes that Fasken Martineau DuMoulin LLP provided a legal opinion on the validity of the shares covered and clarifies that this disclosure does not itself constitute an offer to sell these securities.
Positive
- None.
Negative
- None.
FAQ
What did Edesa Biotech (EDSA) announce in this 8-K filing?
Edesa Biotech reported that on December 12, 2025 it filed a prospectus supplement to increase the maximum aggregate amount of common shares that may be issued under its at-the-market offering agreement with H.C. Wainwright & Co. to $2,262,508.
How much has Edesa Biotech already sold under its at-the-market offerings?
The company disclosed that it has sold an aggregate of $3,718,324.61 of common shares under a prior prospectus supplement and an aggregate of $837,134 of common shares under the prospectus supplement dated October 4, 2024 to its registration statement on Form S-3.
Who is Edesa Biotech's sales agent for the at-the-market program?
The at-the-market offering agreement for Edesa Biotech’s common shares is with H.C. Wainwright & Co., LLC, as stated in the agreement dated October 4, 2024.
Did Edesa Biotech obtain a legal opinion for the updated ATM capacity?
Yes. Fasken Martineau DuMoulin LLP, counsel to Edesa Biotech, issued a legal opinion relating to the validity of the $2,262,508 of common shares that may be offered and sold under the at-the-market agreement and related prospectus supplement.
Does this Edesa Biotech 8-K constitute an offer to sell securities?
No. The disclosure states that it shall not constitute an offer to sell or the solicitation of an offer to buy the common shares discussed, and that no sale may occur where such actions would be unlawful before registration or qualification under applicable state or jurisdictional securities laws.
Which exchange lists Edesa Biotech common shares and under what symbol?
Edesa Biotech’s common shares are listed on The Nasdaq Stock Market LLC under the trading symbol EDSA.