Summary by Moomoo AI
Riot Platforms, Inc., a Nevada-based company, announced on August 9, 2024, the initiation of a new Controlled Equity Offering Sales Agreement with multiple sales agents including Cantor Fitzgerald & Co., B. Riley Securities, Inc., and others. The agreement allows Riot Platforms to offer and sell up to $750 million of its common stock at market prices. This 'at-the-market' offering is pursuant to the company's universal shelf Registration Statement filed on the same day. The offering will be conducted on the Nasdaq Capital Market and may be suspended at any time by either Riot Platforms or the sales agents. The company has also terminated its previous sales agreement from August 9, 2023, and ceased the associated 'at-the-market' offering, which had sold over $471 million in common stock. The termination of the previous agreement comes with no associated costs.
