NRx Pharmaceuticals (NRXP) files prospectus for $20M at-the-market stock offering
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
NRx Pharmaceuticals, Inc. filed a prospectus supplement covering an at-the-market offering of up to $20,000,000 of its common stock. The shares may be issued from time to time under an existing At-The-Market Offering Agreement with H.C. Wainwright & Co., LLC.
The shares will be issued under the company’s effective Form S-3 shelf registration statement and related base prospectus. This report also files a legal opinion from Cozen O’Connor confirming the validity of the shares to be issued under the program.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did NRx Pharmaceuticals (NRXP) disclose in this 8-K filing?
NRx Pharmaceuticals disclosed that it filed a prospectus supplement for an at-the-market program covering up to $20,000,000 of common stock. The filing also includes a legal opinion from Cozen O’Connor confirming the validity of the shares issuable under this arrangement.
How much stock can NRx Pharmaceuticals (NRXP) sell under the new prospectus supplement?
The prospectus supplement allows NRx Pharmaceuticals to issue and sell up to $20,000,000 of its common stock. These shares may be sold over time under an existing At-The-Market Offering Agreement with H.C. Wainwright & Co., LLC, using the company’s effective Form S-3 shelf registration.
What is the role of H.C. Wainwright & Co. in NRx Pharmaceuticals’ (NRXP) at-the-market offering?
H.C. Wainwright & Co., LLC is the sales agent under NRx Pharmaceuticals’ At-The-Market Offering Agreement. It may sell shares of NRXP common stock, up to an aggregate $20,000,000, pursuant to the prospectus supplement and the company’s effective Form S-3 shelf registration statement.
Why did NRx Pharmaceuticals (NRXP) include a legal opinion in this 8-K?
NRx Pharmaceuticals included a legal opinion from Cozen O’Connor to confirm the validity of the common shares issuable under the at-the-market program. The opinion is filed as Exhibit 5.1, with a related consent in Exhibit 23.1, and is incorporated by reference.