At-the-Market Offerings


Summary

There are various ways in which companies can attempt to raise capital in the face of liquidity and capital resource constraints. One such method is an “at-the-market” offering (“ATM”), which provides certain publicly traded companies an efficient means of raising measured amounts of capital over time. Different broker-dealers apply different names for ATM offerings, such as “controlled equity offerings,” “dribble out facilities” or “equity distribution programs,” but the key features of the majority of these programs are generally the same.