[6-K] IceCure Medical Ltd. Current Report (Foreign Issuer)
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
IceCure Medical Ltd. entered into a Sales Agreement with A.G.P./Alliance Global Partners that allows the company to sell ordinary shares from time to time in an at-the-market offering under its existing Form F-3 shelf registration. The company is not required to sell any shares and will direct the timing, price and size of any sales.
A.G.P. will act as sales agent and use commercially reasonable efforts to place shares, earning a 3.0% commission on aggregate gross proceeds from each sale. IceCure plans to use any net proceeds for working capital and general corporate purposes. The agreement includes customary conditions, indemnification, expense reimbursement and a supporting legal opinion on the validity of the shares.
Positive
- None.
Negative
- None.
Key Figures
Sales agent commission: 3.0% of aggregate gross proceeds
1 metrics
Sales agent commission
3.0% of aggregate gross proceeds
Commission on each ATM ordinary share sale
Key Terms
Sales Agreement, at the market offering, prospectus supplement, indemnification and contribution rights, +1 more
5 terms
Sales Agreement financial
"entered into a Sales Agreement, or the Sales Agreement, with A.G.P./Alliance Global Partners"
A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.
at the market offering financial
"deemed to be an “at the market offering” as defined by Rule 415(a)(4)"
An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.
prospectus supplement regulatory
"the prospectus contained therein and the prospectus supplement filed with the Securities and Exchange Commission"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
indemnification and contribution rights financial
"has agreed to provide the Sales Agent with customary indemnification and contribution rights"
registration statement on Form F-3 regulatory
"the Company’s currently effective registration statement on Form F-3 (File No. 333-290046)"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
FAQ
What did IceCure Medical (ICCM) announce in this Form 6-K?
IceCure Medical signed a Sales Agreement with A.G.P./Alliance Global Partners to sell ordinary shares through an at-the-market offering under its existing Form F-3 shelf registration, giving it flexible access to equity capital when conditions are favorable.
What fees will IceCure Medical pay A.G.P. under the Sales Agreement?
IceCure Medical will pay A.G.P. a commission equal to 3.0% of the aggregate gross proceeds from each sale of ordinary shares, and will also reimburse specified expenses and provide customary indemnification and contribution rights to the sales agent under the agreement.
Under which registration statements will the IceCure ATM sales occur?
The ordinary shares will be sold under IceCure Medical’s currently effective Form F-3 registration statement (File No. 333-290046), its related base prospectus and a May 12, 2026 prospectus supplement, with this report also incorporated by reference into other listed Form F-3 and Form S-8 filings.