51:. The broker-dealer sells the issuing company's shares in the open market and receives cash proceeds from the transaction. The broker-dealer then delivers the proceeds to the issuing company where the cash can be used for a variety of purposes. A higher stock price means a greater amount of money can be raised. The issuing company is able to raise this kind of capital on an as-needed basis with the option to refrain from offering shares if the available prices on a particular day are unsatisfactory. ATM offerings can be started and stopped at any point, and they can also become more aggressive by selling more shares and raising more money when there is an opportunity in the market or additional need by the issuing company. ATMs can be positioned in advance of an upcoming
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ATM financing strategies provide control on the timing and amount of capital raised. This allows companies to raise capital on the terms that they choose, including when and if the ATM is utilised. This allows companies to opportunistically take advantage of increases in the share price and means
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when needed). Because of the “dribble out” nature of ATM offerings and the uncertainty of how much will be raised (for example if the target minimum price is set too high by the company), they are not as useful for a company in dire need of financing or for a company without an actively traded
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that companies do not have to time the capital raise perfectly, in effect "averaging in" to their own share price. If successful, it can be a blessing for raising general working capital, funding specific projects, funding
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http://www.bassberry.com/files/Publication/478fa689-e31d-45a5-8726-023feb96ddac/Presentation/PublicationAttachment/077521e4-0c02-4715-8a98-0507fc9e1c77/C%26S%20Alert%20-%20August%2031,%202009.pdf
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https://web.archive.org/web/20150501065542/http://www.goodwinprocter.com/Publications/Newsletters/REIT-Alert/2008/1229_At-the-Market-Offerings-Raising-Equity-Capital-in-Volative-Markets.aspx
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companies looking to raise capital from time-to-time to meet their financial needs. Since then, at-the-market offerings have been used by large and small
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http://medcitynews.com/2011/08/at-the-market-offering-for-biotech-funding-review-4-quick-perspectives/
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companies incrementally sell newly issued shares or shares they already own into the
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issuers in a wide variety of industries with significant growth occurring after the
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104:. Although this financing method has become particularly popular with small-cap
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158:"At-the-market Offerings for Biotech Funding? Review 4 Quick Perspectives"
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http://capitalmarketalerts.com/equity-series/atm-at-the-market-offering/
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138:"At The Market Offerings: Raising Equity Capital in Volatile Markets"
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to take advantage of increased liquidity and a rising stock price.
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The first ATM offerings were completed in the early 1980s for
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192:, New York, 4 December 2009. Retrieved on 13 November 2012.
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utilized by publicly traded companies in order to raise
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108:issuers, large-capitalization companies such as
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184:"The Biggest Bank Capital Raisings: The List"
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35:over time. In an ATM offering,
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639:Debtor-in-possession financing
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171:"ATM – At the Market Offering"
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66:Advantages & Disadvantages
1:
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579:Staggered board of directors
21:at-the-market (ATM) offering
7:
696:Accretion/dilution analysis
84:or imminent news releases.
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908:
659:Leveraged recapitalization
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838:
830:Valuation using multiples
815:Sum-of-the-parts analysis
785:Modigliani–Miller theorem
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644:Dividend recapitalization
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459:Secondary market offering
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848:List of investment banks
763:Free cash flow to equity
589:Super-majority amendment
514:Management due diligence
454:Seasoned equity offering
41:secondary trading market
559:Shareholder rights plan
549:Post-merger integration
519:Managerial entrenchment
489:Contingent value rights
429:Initial public offering
189:The Wall Street Journal
701:Adjusted present value
564:Special-purpose entity
402:Direct public offering
372:At-the-market offering
16:Type of stock offering
716:Conglomerate discount
136:Goodwin Proctor LLP.
102:2008 financial crisis
43:through a designated
738:Economic value added
733:Discounted cash flow
143:May 1, 2015, at the
323:Senior secured debt
876:Debt restructuring
858:Outline of finance
770:Market value added
753:Financial modeling
711:Business valuation
634:Debt restructuring
412:Follow-on offering
397:Corporate spin-off
355:(terms/conditions)
272:investment banking
169:McCarthy, Dennis.
118:Ford Motor Company
25:follow-on offering
892:Corporate finance
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790:Net present value
775:Minority interest
706:Associate company
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649:Financial sponsor
569:Special situation
539:Pre-emption right
529:Minority discount
439:Private placement
338:Subordinated debt
293:Exchangeable debt
280:Capital structure
268:Corporate finance
182:Grocer, Stephen.
114:Boston Properties
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509:Drag-along right
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544:Proxy fight
474:Mergers and
387:Bought deal
318:Senior debt
820:Tax shield
780:Mismarking
584:Stock swap
534:Pitch book
504:Divestment
382:Bookrunner
303:Pari passu
124:References
795:Pure play
688:Valuation
554:Sell side
417:Greenshoe
94:utilities
60:milestone
58:or major
53:liquidity
886:Category
626:Leverage
604:Takeover
499:Demerger
484:Buy side
141:Archived
609:Reverse
594:Synergy
434:Pre-IPO
422:Reverse
343:Warrant
88:History
73:R&D
33:capital
333:Stock
56:event
29:stock
270:and
116:and
77:debt
27:of
19:An
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