What is an ATM?
What an at-the-market offering is, and how S-3 eligible companies use an ATM facility to sell shares at market prices when conditions are right.
What is an ATM
An ATM refers to an at-the-market offering If a company is eligible to use S-III they can set up what's called an ATM facility This typically involves hiring an underwriter to act as the ATM underwriter and it allows the company when market conditions are favorable to tell the underwriter they want to sell a certain amount of their shares in an at-the-market offering meaning at the price of that the stock is currently trading on the market
Disclaimer: Joshua Wilson is a registered investment banking representative and a licensed real estate broker. The content of this podcast is for informational purposes only and should not be considered legal, financial, or compliance advice. This podcast is not a substitute for professional advice. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, organization, or employer. Listeners are encouraged to consult their own compliance teams, legal counsel, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.
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Louis Taubman is a partner in the New York office of Hunter Taubman Fischer & Li. His practice concentrates on securities law, corporate finance, and corporate governance. He represents issuers, broker-dealers, and investors in private and public financing transactions, mergers and acquisitions, corporate governance, and SEC compliance, and advises issuers on their Securities Exchange Act of 1934 reporting requirements. He also helps companies with initial listings on Nasdaq, NYSE American, OTCQX, and other markets, and with ongoing compliance with exchange listing requirements.
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