$200M ATM program with AC Sunshine ends at Ridgetech, Inc. (RDGT)
Rhea-AI Filing Summary
Ridgetech, Inc. terminated its Sales Agreement with AC Sunshine Securities LLC governing its ATM Offering, effective July 11, 2026. That agreement had allowed the company to offer and sell ordinary shares from time to time with an aggregate offering price of up to $200,000,000 under a Form F-3 shelf registration.
In connection with the termination, the company suspended sales under the ATM Offering on July 11, 2026 and has not delivered any placement notices to AC Sunshine since then. As of July 11, 2026, it had sold an aggregate of 3,487,171 ordinary shares pursuant to the ATM Offering. As of the same date, Ridgetech had 3,629,540 ordinary shares issued and outstanding.
Positive
- None.
Negative
- None.
Filing Explained
Ridgetech stopped new sales under its
Key Figures
ATM Offering capacity: $200,000,000
Shares sold under ATM Offering: 3,487,171 ordinary shares
Shares issued and outstanding: 3,629,540 ordinary shares
+1 more
4 metrics
ATM Offering capacity
$200,000,000
Aggregate offering price allowed under the Sales Agreement
Shares sold under ATM Offering
3,487,171 ordinary shares
Aggregate shares sold pursuant to the ATM Offering as of July 11, 2026
Shares issued and outstanding
3,629,540 ordinary shares
Issued and outstanding as of July 11, 2026
Form F-3 file number
333-291941
File number of the shelf registration statement used for the ATM Offering
Key Terms
ATM Offering, Sales Agreement, shelf registration statement, prospectus supplement, +1 more
5 terms
ATM Offering financial
"aggregate offering price of up to $200,000,000 (the “ATM Offering”)"
An at-the-market offering is a way for a company to sell new shares of its stock directly into the stock market over time, usually through a designated sales program. This approach allows the company to raise funds gradually as needed, similar to adding small amounts of fuel to a car rather than filling the tank all at once. For investors, it can influence the company's stock price and provide insights into its financing plans.
Sales Agreement financial
"entered into a Sales Agreement (the “Sales Agreement”) with AC Sunshine"
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.
shelf registration statement regulatory
"the Company’s shelf registration statement on Form F-3 (File No. 333-291941)"
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.
prospectus supplement regulatory
"The ATM Offering was made pursuant to a prospectus supplement dated December 29, 2025"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change did Ridgetech (RDGT) make to its ATM Offering on July 11, 2026?
Ridgetech terminated its Sales Agreement with AC Sunshine Securities LLC effective July 11, 2026, ending active use of its ATM Offering. The company also suspended share sales under the program on that date and has not delivered any placement notices to AC Sunshine since then.
How large was Ridgetech's (RDGT) ATM Offering program before termination?
The Sales Agreement allowed Ridgetech to offer and sell ordinary shares with an aggregate offering price of up to $200,000,000 through its ATM Offering. These shares were issued from time to time under a prospectus supplement and a Form F-3 shelf registration statement.
Which registration statements incorporate this Ridgetech (RDGT) information by reference?
The disclosed information is incorporated by reference into Ridgetech's Form F-3 registration statement No. 333-291941 and its Form S-8 registration statements No. 333-264505, No. 333-268809, and No. 333-277849, becoming part of those registration documents from the furnishing date.