Ridgetech (NASDAQ: RDGT) signs $184,720,213 at-the-market equity deal
Rhea-AI Filing Summary
Ridgetech, Inc. entered into a new Sales Agreement with Pacific Century Securities, LLC to continue its at-the-market equity program, under which it may offer and sell ordinary shares, par value $0.15, having an aggregate offering price of up to $184,720,213.
Sales are made through Pacific Century as sales agent under the company’s effective Form F-3 shelf. Ridgetech is not obligated to sell any shares, and the agent is not required to buy shares on a principal basis. The company will pay a 3.5% commission on gross proceeds and reimburse up to $100,000 of specified expenses. This arrangement replaces a prior at-the-market program that was suspended in July 2026.
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Key Figures
ATM program capacity: $184,720,213
Sales agent commission: 3.5%
Expense reimbursement cap: $100,000
+3 more
6 metrics
ATM program capacity
$184,720,213
Aggregate offering price of ordinary shares under the Sales Agreement
Sales agent commission
3.5%
Commission on aggregate gross proceeds from each sale of Offered Shares
Expense reimbursement cap
$100,000
Maximum reimbursement of specified expenses to the Sales Agent
Par value per ordinary share
$0.15
Par value of Ridgetech’s ordinary shares eligible for sale
Sales Agreement date
July 28, 2026
Date Ridgetech entered into the Sales Agreement with Pacific Century
Shelf effectiveness date
December 15, 2025
Date Form F-3 shelf registration statement was declared effective
Key Terms
at-the-market offering, shelf registration statement, Sales Agreement, commercially reasonable efforts, +1 more
5 terms
at-the-market offering financial
"method permitted by law that is deemed to be an “at the market offering”"
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.
shelf registration statement regulatory
"forms a part of the Company’s shelf registration statement on Form F-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Sales Agreement financial
"entered into a sales agreement (the “Sales Agreement”) with Pacific Century"
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.
commercially reasonable efforts financial
"the Sales Agent will use commercially reasonable efforts consistent with its normal"
indemnification and contribution regulatory
"agreed to provide the Sales Agent with customary indemnification and contribution rights"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How large is Ridgetech’s (RDGT) new at-the-market capacity?
The program allows sales of ordinary shares with an aggregate offering price of up to $184,720,213. These shares are issued from time to time through Pacific Century Securities under Ridgetech’s effective Form F-3 shelf registration statement.
Who is the sales agent for Ridgetech’s (RDGT) at-the-market offering?
Pacific Century Securities, LLC is the sales agent under the new Sales Agreement. It will use commercially reasonable efforts to sell shares at Ridgetech’s direction, consistent with Nasdaq rules and applicable securities laws.
What fees will Ridgetech (RDGT) pay under the Sales Agreement?
Ridgetech will pay the sales agent a 3.5% commission on the aggregate gross proceeds from each sale of shares and will reimburse the agent for specified expenses of up to $100,000 in total, in addition to customary indemnification and contribution.
What happened to Ridgetech’s (RDGT) prior at-the-market agreement?
Ridgetech’s prior Sales Agreement with AC Sunshine Securities LLC was terminated, and sales under that at-the-market program were temporarily suspended as of July 11, 2026. The new agreement continues the program with Pacific Century as sales agent on substantially the same terms.