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Riot Platforms (RIOT) has shared an announcement.
Riot Platforms, Inc. has entered into a new Controlled Equity Offering Sales Agreement enabling the sale of up to $750 million of its common stock through various sales agents in an at-the-market offering. This fresh agreement replaces a prior one from 2023 and allows Riot to issue shares directly on public exchanges as needed, with the company agreeing to pay up to a 3% commission to sales agents. The offering is flexible, with Riot able to suspend sales at any time, and will end once the full $750 million is reached or by mutual agreement. The termination of the 2023 agreement concluded the previous offering, with approximately $472 million in shares sold and the remaining balance left unsold.
For an in-depth examination of RIOT stock, go to TipRanks’ Stock Analysis page.
