Question · Q3 2024
The private investor asked for the approximate number of shares sold through the at-the-market (ATM) offering and whether the company anticipates needing to continue using the facility.
Answer
The executive stated that shares outstanding increased by approximately 1.1 million and referred to the 10-Q for exact figures. He explained that while future use of the ATM is at the Board's discretion, the company's improved cash position has reduced the immediate need to sell more shares, especially at current price levels.