Summary by Moomoo AI
Asset Entities has entered into a Limited Waiver and Consent agreement with Boustead Securities on September 26, 2024, enabling the company to proceed with an at-market offering of equity securities worth up to $5 million. The waiver removes various conditions, restrictions, and rights of first refusal that would have been applicable under previous agreements.Under the terms of the agreement, Asset Entities gains the flexibility to enter into ATM-related agreements, file prospectus supplements, announce offerings, and issue Class B Common Stock without prior restrictions. In exchange, the company will pay Boustead a 3.0% commission on the gross sales price of all Class B Common Stock sold through the ATM offering.
