WHAT IS AN ATM?
ATM: A forward-thinking strategic approach to financingAt-the-market (ATM) offerings provide an efficient means of raising measured amounts of equity capital over time, by enabling a publicly traded company to tap into the existing secondary market for its shares on an as-needed basis. Under our DOCS® (Dynamic Offering of Common Stock) ATM financing facility, an exchange-listed company incrementally sells newly issued shares into the trading market through a designated broker-dealer at prevailing market prices, rather than via a traditional underwritten offering of a fixed number of shares at a fixed price all at once. The offering of newly issued shares into the existing trading market can result in a lower cost of capital compared to more traditional financing approaches. When managed effectively by a seasoned and service-oriented organization such as Brinson Patrick, the shares are sold at the prevailing market price with no warrants and no offering discount. An idea whose time has come
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