Alto Ingredients enters at-the-market equity sales agreement for up to $50 million common stock offering
ALTO•Use of proceeds and program terms
Proceeds are earmarked for general corporate purposes, including working capital and capital expenditures.
Sales are discretionary, and the program ends once all shares are sold or the agreement is terminated.
At-the-market equity sales agreement
Alto Ingredients entered an at-the-market sales agreement to offer up to USD 50 million of common stock.
Craig-Hallum Capital Group acts as designated agent; Benchmark and H.C. Wainwright also serve as agents.
The agents earn a 3% commission on gross proceeds, and the company also reimburses certain offering expenses.
