that Truist ( SunTrust Robinson Humphrey & BB&T Capital Markets) initiated the coverage when they were running a recent $20M secondary for CRMD
SunTrust Robinson Humphrey and JMP Securities are acting as joint book-running managers for the offering.
Just a coincidence?
The SP pop and its following meltdown might be due to
ATM.
, the Company had approximately $2.1 million available under its current ATM program and $30.3 million available under its current shelf registration statement for the issuance of equity, debt or equity-linked securities unrelated to the current ATM program. After taking into consideration the equity financing that closed in July 2020, the current shelf registration statement has a balance of approximately $7.3 million available to be drawn (see Note 7).