Boxabl signs $100 million at-the-market equity distribution deal
BXBL•Boxabl entered an agreement to sell up to $100 million of Class A common stock through an at-the-market offering.
1. Stock sales agreement
Boxabl may sell shares from time to time under a shelf registration statement, with Virtu Americas, A.G.P./Alliance Global Partners, Cohen & Company Capital Markets, Maxim Group and Roth Capital Partners acting as sales agents. The agents may earn commissions of up to 3% of gross proceeds per sale, and Boxabl will reimburse up to $75,000 in agent fees. Boxabl can suspend sales or terminate the agreement with three days’ notice.
