Tharimmune (NASDAQ: THAR) details agent change in $64,910,161 stock plan
Rhea-AI Filing Summary
Tharimmune, Inc. supplements its prospectus for a common stock sales program covering up to $64,910,161 of common stock under a Sales Agreement with Clear Street LLC and President Street Global, LLC.
The supplement discloses that President Street has given notice to terminate its role as a sales agent and that Tharimmune agreed to pay President Street an advisory fee of $1,000,000, in two $500,000 installments tied to the first sales notice and to aggregate sales of $50,000,000 of shares under the Sales Agreement. The company notes its common stock trades on the Nasdaq Capital Market under the symbol THAR, with a last reported sale price of $2.50 per share on December 4, 2025, and reminds investors to review the risk factors in its prospectus and recent SEC reports.
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FAQ
What does Tharimmune (THAR) disclose in this prospectus supplement?
The supplement updates Tharimmune's existing prospectus for a common stock sales program covering up to $64,910,161 of common stock under a Sales Agreement, and describes changes to the role and compensation of one of its sales agents, President Street Global, LLC.
How much common stock can Tharimmune (THAR) sell under the current sales agreement?
Tharimmune may offer and sell from time to time up to $64,910,161 of its common stock, par value $0.0001 per share, pursuant to the Sales Agreement referenced in the supplement.
What change is described regarding President Street Global in Tharimmune's sales program?
The supplement states that on December 3, 2025, President Street Global, LLC provided notice to terminate its role as a sales agent under the Sales Agreement and that Tharimmune entered into a letter agreement addressing an advisory fee.
What advisory fee will Tharimmune pay President Street under the new letter agreement?
Tharimmune agreed to pay President Street an advisory fee of $1,000,000, consisting of $500,000 upon the company's first submission of a sales notice and $500,000 within five business days after the company has sold an aggregate of $50,000,000 of shares pursuant to the Sales Agreement.
On which market does Tharimmune (THAR) trade and what was the recent share price?
Tharimmune's common stock trades on The Nasdaq Capital Market under the symbol THAR, and the supplement notes a last reported sale price of $2.50 per share on December 4, 2025.
Where can investors find the main risk factors for investing in Tharimmune's securities?
The supplement directs readers to the Risk Factors section in the base prospectus and to Tharimmune's most recent Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q for key risk disclosures.
