Precipio (PRPO) terminates A.G.P. at-the-market stock sales agreement
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Precipio, Inc. filed a current report to disclose that it has terminated its Sales Agreement with A.G.P./Alliance Global Partners covering an at-the-market offering program for its common stock, effective September 2, 2025. After this termination, Precipio can no longer sell additional shares under that agreement.
From April 14, 2023 through September 2, 2025, the company sold 11,847 shares of common stock under the program, generating net proceeds of approximately $0.1 million after commissions and offering expenses. Precipio also issued a press release announcing the termination.
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8-K Event Classification
2 items: 1.02, 9.01
2 items
Item 1.02
Termination of a Material Definitive Agreement
Business
A significant contract was terminated, which may affect business operations or revenue.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Precipio (PRPO) announce in its latest 8-K filing?
Precipio announced it has terminated its at-the-market Sales Agreement with A.G.P./Alliance Global Partners, effective September 2, 2025. The company will no longer sell common stock under this program and issued a press release explaining the termination.
How much cash did Precipio (PRPO) raise through the terminated ATM program?
Precipio raised net proceeds of about $0.1 million through its at-the-market Sales Agreement with A.G.P. This amount reflects cash received after commissions and offering expenses for the 11,847 shares of common stock sold over the program’s duration.
When did Precipio’s at-the-market Sales Agreement with A.G.P. end?
The Sales Agreement between Precipio and A.G.P./Alliance Global Partners was terminated effective September 2, 2025. After that date, Precipio may not offer or sell any additional shares of its common stock under this particular at-the-market program.
Who was Precipio’s sales agent under the terminated at-the-market program?
A.G.P./Alliance Global Partners served as sales agent under Precipio’s at-the-market Sales Agreement. Through this arrangement, A.G.P. could sell shares of Precipio’s common stock into the market on the company’s behalf before the agreement was terminated on September 2, 2025.
Did Precipio (PRPO) issue a press release about the ATM termination?
Yes. Precipio issued a press release announcing the termination of its Sales Agreement with A.G.P., dated September 3, 2025. This press release is included as Exhibit 99.1, providing investors with additional details about the end of the at-the-market program.