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ATM program

An ATM lets the company sell shares into the market, at the price of the moment, under a shelf. Not advice.

Sales into the market

ATM means at-the-market. The company can sell shares from time to time, at the price where the market trades, through an agent. There is not one offer price fixed in advance.

The program usually sits on a shelf that is already registered. The supplement describes the cap and the agent. It does not say the sale happens today.

What the quote does not show

Sales can be small and spread out. The day's quote does not separate them from other trades. Volume is not proof that an ATM sold.

To know what was sold, you look for the filing that reports the sales, when the company publishes it. Without that filing, the amount stays unknown.

This is not financial advice.

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