TOYO sets up $30M at-the-market offering
TOYO Co., Ltd entered into a Sales Agreement with Roth Capital Partners and H.C.
Sentiment and the balance of points
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Form Type
6-K
Rhea-AI Filing Summary
TOYO Co., Ltd entered into a Sales Agreement with Roth Capital Partners and H.C. Wainwright that allows it to sell up to $30,000,000 of ordinary shares in an at-the-market program under its existing shelf registration. The agents will use reasonable best efforts to place the shares and will receive a 3.0% commission on gross proceeds, plus reimbursed expenses. TOYO plans to use any net proceeds for working capital and general corporate purposes, with sales made under its Form F-3 shelf and a prospectus supplement dated April 22, 2026.
Key Figures
ATM program size: $30,000,000 of ordinary shares
Agent commission: 3.0% of gross proceeds
Par value per share: US$0.0001 per ordinary share
+1 more
4 metrics
ATM program size
$30,000,000 of ordinary shares
Maximum aggregate amount under Sales Agreement
Agent commission
3.0% of gross proceeds
Commission on shares sold in the offering
Par value per share
US$0.0001 per ordinary share
Par value of TOYO ordinary shares
Shelf registration file number
Form F-3, File No. 333-290952
Registration statement used for the ATM offering
Key Terms
at-the-market offering, shelf registration statement, Form F-3, Form S-8, +2 more
6 terms
at-the-market offering financial
"Sales of the Shares, if any, may be made in sales deemed to be an “at-the-market offering”"
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.
shelf registration statement regulatory
"The Shares will be sold pursuant to the Company’s shelf registration statement on Form F-3"
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.
Form F-3 regulatory
"shelf registration statement on Form F-3 (File No. 333-290952)"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
Form S-8 regulatory
"incorporated by reference in the Company’s registration statements on Form F-3 and Form S-8"
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
Sales Agreement financial
"entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How will TOYO (TOYO) use proceeds from the at-the-market offering?
TOYO intends to use net proceeds from the at-the-market share sales for working capital and general corporate purposes. This provides flexible funding for day-to-day operations, potential growth initiatives, and other general business needs as opportunities and requirements arise.
What commission will agents earn in TOYO (TOYO)'s at-the-market program?
Roth Capital Partners and H.C. Wainwright will receive a 3.0% commission on gross proceeds from shares sold under the program. TOYO has also agreed to reimburse certain expenses incurred by the agents in connection with the offering, in addition to these commissions.
Under which registration statement is TOYO (TOYO)'s at-the-market offering being conducted?
The at-the-market offering uses TOYO’s Form F-3 shelf registration, File No. 333-290952, together with a prospectus and a prospectus supplement dated April 22, 2026. The Form 6-K is also incorporated by reference into that registration statement.
Which firms are acting as sales agents for TOYO (TOYO)'s at-the-market offering?
TOYO appointed Roth Capital Partners, LLC and H.C. Wainwright & Co., LLC as sales agents under the Sales Agreement. They will use reasonable best efforts to sell the ordinary shares in transactions deemed to be at-the-market offerings under Rule 415.
AI-generated analysis. How Rhea-AI works. Not financial advice.
