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

March 28, 2023 (1 min read)

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.

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