SenesTech (Nasdaq: SNES) updates $7,580,675 ATM capacity
Filing Impact
Filing Sentiment
Form Type
424B5
Rhea-AI Filing Summary
SenesTech, Inc. has filed a new prospectus supplement allowing it to offer and sell up to $7,580,675 of common stock from time to time through H.C. Wainwright & Co. under an at-the-market Sales Agreement. This capacity reflects the $10,629,569.80 limit under General Instruction I.B.6 of Form S-3, after deducting $3,048,894.72 of securities sold in the prior 12 months. As of this supplement, SenesTech had 5,185,333 shares of common stock outstanding and an aggregate market value of non-affiliate holdings of $31,888,709.40, and sales remain subject to the one-third cap while that market value is below $75,000,000.
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FAQ
What does SenesTech (SNES) seek to raise in this ATM update?
SenesTech may sell additional common stock with an aggregate offering price of up to $7,580,675 through H.C. Wainwright & Co. under its at-the-market Sales Agreement, within the limitations of General Instruction I.B.6 of Form S-3.
How much SenesTech (SNES) stock has already been sold under the ATM program?
Through the date of the supplement, SenesTech has sold $3,048,894.72 of common stock through the sales agent under the Sales Agreement, including $1,036,968.48 of shares previously sold pursuant to the Prospectus in accordance with that agreement.
What market value threshold affects SenesTech’s (SNES) one-third sales cap?
While the aggregate market value of SenesTech’s common stock held by non-affiliates remains below $75,000,000, sales under General Instruction I.B.6 are limited to one-third of that value in any twelve-month period, as described in the supplement.
Where is SenesTech (SNES) common stock listed and what was a recent price?
SenesTech’s common stock trades on the Nasdaq Capital Market under the symbol SNES. The last reported sale price referenced in the supplement is $4.59 per share on September 23, 2025.
What role does H.C. Wainwright & Co. play in SenesTech’s (SNES) offering?
H.C. Wainwright & Co. acts as sales agent or principal under the At The Market Offering Agreement, through which SenesTech may sell up to $7,580,675 of common stock from time to time pursuant to the prospectus supplement.
