Soligenix (NASDAQ: SNGX) sets up $3.45M at-the-market stock sale
Soligenix, Inc. is establishing an at-the-market stock offering of up to
The company had 10,086,130 shares outstanding as of
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(To prospectus dated December 15, 2023)
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ABOUT THIS PROSPECTUS SUPPLEMENT
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SUMMARY
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THE OFFERING
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RISK FACTORS
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA AND MARKET INFORMATION
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USE OF PROCEEDS
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DIVIDEND POLICY
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DESCRIPTION OF SECURITIES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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ABOUT THIS PROSPECTUS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF INFORMATION BY REFERENCE
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA AND MARKET INFORMATION
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ABOUT OUR COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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DESCRIPTIONS OF THE SECURITIES WE MAY OFFER
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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AND MARKET INFORMATION
Common Stock, Preferred Stock
Warrants and Units
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ABOUT THIS PROSPECTUS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF INFORMATION BY REFERENCE
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA AND MARKET INFORMATION
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ABOUT OUR COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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DESCRIPTIONS OF THE SECURITIES WE MAY OFFER
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
FAQ
What is Soligenix (SNGX) offering in this new stock program?
Soligenix is offering shares of its common stock in an at-the-market program with an aggregate offering price of up to
How will Soligenix (SNGX) use the proceeds from the $3.45 million at-the-market offering?
Soligenix intends to use the net proceeds to fund its research and development and commercialization activities, and for general corporate and working capital purposes, which may include product development, capital expenditures, debt repayment and other business opportunities.
Who is acting as sales agent for Soligenix (SNGX) in this at-the-market offering and what is the commission?
Rodman & Renshaw LLC is acting as Soligenix’s sales agent. It will receive up to
How many Soligenix (SNGX) shares could be outstanding after the at-the-market sales?
Soligenix had 10,086,130 shares of common stock outstanding as of
What are the key risks highlighted for investors in Soligenix (SNGX) common stock?
The filing emphasizes that investing in Soligenix common stock involves a high degree of risk, including stock price volatility, potential Nasdaq listing issues, significant outstanding options and warrants that may cause dilution, thin trading volume, and the company’s ongoing need for capital to fund development programs.
What type of company is Soligenix (SNGX) and what are its lead programs?
Soligenix is a late-stage biopharmaceutical company focused on rare diseases. Its Specialized BioTherapeutics segment is developing HyBryte (synthetic hypericin) for cutaneous T‑cell lymphoma and other inflammatory indications, while its Public Health Solutions segment develops vaccine and biodefense candidates, including a ricin toxin vaccine and filovirus and COVID‑19 vaccine programs.
How does the Form S-3 public float limitation affect Soligenix (SNGX) offerings?
Soligenix notes that, under General Instruction I.B.6 of Form S-3, it may not sell in public primary offerings more than one-third of the aggregate market value of its non-affiliate equity in any 12‑month period while its public float remains below