Myseum (NASDAQ: MYSE) amends $3.5M at-the-market stock sales deal
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
DatChat, Inc., now operating as Myseum, entered a First Amendment to its Sales Agreement with The Benchmark Company, LLC, updating the terms of its at-the-market stock offering program.
The agreement allows the company to sell shares of common stock from time to time, with an aggregate offering limit of $3,500,000, under an effective Form S-3 shelf registration. Benchmark will act as sales agent, earning a 4.0% commission on gross proceeds from each sale, reduced to 3% once total sales under the Sales Agreement reach $1,000,000 or more. The company is not required to sell any shares and may suspend offers, and the program ends when either the full $3,500,000 of stock is sold or the Sales Agreement is terminated by either party.
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Myseum (MYSE) announce in this Form 8-K?
Myseum, formerly DatChat, entered a First Amendment to its Sales Agreement with The Benchmark Company for an at-the-market stock offering program, updating use of its Form S-3 shelf to sell common shares up to a $3,500,000 aggregate amount over time.
How large is Myseum’s (MYSE) at-the-market offering program?
The Sales Agreement authorizes Myseum to sell shares of common stock with an aggregate offering price of up to $3,500,000. These shares may be sold from time to time under an effective Form S-3 shelf registration through Benchmark acting as sales agent.
What commissions will Benchmark earn under Myseum’s (MYSE) Sales Agreement?
Benchmark will receive a commission equal to 4.0% of aggregate gross proceeds from each stock sale. Once the amount of shares sold under the Sales Agreement reaches $1,000,000 or more, the commission rate is reduced to 3%, improving economics on additional issuances.
Is Myseum (MYSE) obligated to sell stock under this at-the-market program?
Myseum is not obligated to sell any shares under the Sales Agreement and may suspend solicitations and offers at any time. This structure provides flexibility to issue equity only when management determines conditions are appropriate for potential sales into the market.
When will Myseum’s (MYSE) at-the-market stock offering terminate?
The at-the-market program will end when either Myseum has sold shares with an aggregate offering price of $3,500,000 under the Sales Agreement, or when the Sales Agreement is terminated by either Myseum or Benchmark in accordance with its termination provisions.
What registration statement supports Myseum’s (MYSE) at-the-market offering?
Sales under the program will be made under Myseum’s Form S-3 shelf registration statement, File No. 333-291818. This registration was filed on November 26, 2025 and declared effective on December 3, 2025, enabling the registered at-the-market issuance of common shares.