Data Storage signs equity distribution deal with Maxim for up to $10.6 million ATM offering
Data Storage Corporation DTST | 0.00 |
- Data Storage entered an equity distribution agreement with Maxim Group for an at-the-market offering of common stock.
- Sales can be made from time to time, at the company’s instruction, under a shelf registration statement and ATM prospectus covering up to $10.6 million.
- Maxim earns a 2.5% commission on gross proceeds; expense reimbursement capped at $25,000, with $2,500 legal fees per bringdown date.
- The company has no obligation to sell shares; the agreement ends when all shares are sold or it is terminated.
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