The Other Kind of ATM: Market Trends 2022/23: At-the-Market Equity Offerings

At-the-market (ATM) programs are shelf offerings that can provide issuers with more flexibility and control, lower share price impact, and lower costs, when compared to a traditional underwritten offering. These features come at the cost of a smaller overall size of the offering and thus a smaller capital raise. Read this practice note for information on the ATM deal structure, disclosure trends, regulatory updates, and a market outlook for these types of deals.

Read now »

Related Content

• Sales Agency Agreement ("At-the-Market" Offering)
  Draft a key agreement to get the ATM offering process started.

• Rule 134 Checklist of Permitted Communications
  Know which communications are acceptable during the waiting period.

• Equity Distribution Agreements for At-the-Market Offerings
  Learn the ins and outs of an equity distribution, or sales agency, agreement.

• Equity Offerings Comparison Charts
  Decide which of the various types of public and private offerings work best for your client.

Practical Guidance Updates 
Featuring the latest updates from your Practical Guidance account. 

• The Practical Guidance Journal Climate Change Special Edition features guidance on insuring for climate change, renewable energy initiatives, and a guide for public and private projects related to sea level rise.
• Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content. 
• Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
• Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 22 practice areas and find out how you can Become a Practical Guidance Author. 

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+