Soligenix updates ATM capacity to $2.96M
Soligenix, Inc. amends its prospectus supplement to set an at-the-market offering capacity of $2,956,000 of common stock under the Sales Agreement with Rodman & Renshaw LLC.
Rhea-AI Filing Summary
Soligenix, Inc. amends its prospectus supplement to set an at-the-market offering capacity of $2,956,000 of common stock under the Sales Agreement with Rodman & Renshaw LLC. The company reports a public float of $24,511,625 based on 17,261,708 shares held by non-affiliates at $1.42 per share as of April 27, 2026. The supplement notes prior sales of $5,214,498 under the Form S-3 instruction during the preceding 12-month period and lists a last reported sale price of $0.87 on May 27, 2026.
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Insights
Updated ATM capacity and public float calculations clarify available issuance under the Sales Agreement.
The prospectus supplement adjusts the maximum aggregate offering price to $2,956,000 under an At Market Issuance Sales Agreement with Rodman & Renshaw LLC, tied to the company’s current public float of $24,511,625. This follows General Instruction I.B.6 of Form S-3.
Execution depends on market activity and any future change in public float; further prospectus supplements will be filed if the public float increases and allows additional sales.
Key Figures
Key Terms
At Market Issuance Sales Agreement financial
public float financial
General Instruction I.B.6 regulatory
Form S-3 regulatory
Offering Details
FAQ
What amount is Soligenix (SNGX) authorized to sell under the Sales Agreement?
How was the public float calculated for Soligenix's prospectus supplement?
Who is the sales agent for Soligenix’s at-the-market program?
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