Flora Growth (NASDAQ: FLGC) adds $3.45M at-the-market capacity
Rhea-AI Filing Summary
Flora Growth Corp. disclosed that it has filed a new prospectus supplement for its existing Form S-3 shelf registration to support an updated "at the market" common share sales program with Revere Securities LLC. Under this new ATM prospectus supplement, the company may, at its discretion, sell up to $3,450,000 of common shares over time into the market. These sales can be made from time to time, providing flexible access to equity capital.
As part of this update, Flora Growth terminated the prior ATM prospectus supplement dated September 23, 2025. Under that earlier supplement, the company sold common shares with an aggregate value of $129,482 before ending that specific offering.
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FAQ
What did Flora Growth Corp. (FLGC) announce in this 8-K filing?
Flora Growth Corp. reported that it filed a new prospectus supplement tied to its Form S-3 shelf registration to continue its "at the market" common share sales program with Revere Securities LLC, allowing additional discretionary sales of common shares over time.
How much can Flora Growth Corp. sell under the new at-the-market program?
Under the new ATM prospectus supplement, Flora Growth Corp. may sell up to $3,450,000 of its common shares from time to time through its at-the-market program.
What happened to Flora Growth Corp.'s previous ATM prospectus supplement?
By filing the new ATM prospectus supplement, Flora Growth Corp. terminated the prior prospectus supplement dated September 23, 2025, which had governed earlier at-the-market common share sales.
How much did Flora Growth Corp. raise under the previous ATM prospectus supplement?
Before terminating the previous prospectus supplement dated September 23, 2025, Flora Growth Corp. sold common shares with an aggregate value of $129,482 under that earlier at-the-market program.
Who is Flora Growth Corp.'s sales agent for the at-the-market program?
The at-the-market common share sales program is conducted under a Sales Agreement with Revere Securities LLC, dated September 23, 2025.
Does this filing change Flora Growth Corp.'s exchange listing or trading symbol?
No, Flora Growth Corp.'s common shares continue to trade on the NASDAQ Capital Market under the symbol FLGC, as stated in the filing.