Atlanticus Holdings Reports Material Definitive Agreement

TL;DR

**Atlanticus Holdings just signed a big deal, watch for details on its impact.**

AI Summary

Atlanticus Holdings Corporation filed an 8-K on January 2, 2024, reporting an "Entry into a Material Definitive Agreement" on December 29, 2023. This filing indicates a significant new agreement that could impact the company's financial position or operations. For investors, this matters because material agreements can lead to changes in revenue, expenses, or strategic direction, potentially affecting the stock's future performance and valuation.

Why It Matters

This filing signals a new, important agreement for Atlanticus Holdings, which could influence its financial health and strategic direction, potentially impacting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement without disclosing its specifics, creating uncertainty about its potential positive or negative impact on the company.

Analyst Insight

Investors should monitor Atlanticus Holdings for further announcements regarding the specifics of this material definitive agreement, as its terms could significantly impact the company's financial outlook and stock performance.

Key Players & Entities

• Atlanticus Holdings Corporation (company) — the registrant filing the 8-K
• December 29, 2023 (date) — date of the earliest event reported
• January 2, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• Atlanticus Holdings will provide more details about the material definitive agreement in a subsequent filing or press release. (Atlanticus Holdings Corporation) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $50,000,000 — ), up to an aggregate offering price of $50,000,000, from time to time to or through BTIG,

Filing Documents

• atlc20231228_8k.htm (8-K) — 41KB
• ex_610938.htm (EX-1.1) — 238KB
• ex_610770.htm (EX-5.1) — 29KB
• atlanticuscur.jpg (GRAPHIC) — 12KB
• logosm.jpg (GRAPHIC) — 8KB
• troutmanpepper.jpg (GRAPHIC) — 11KB
• 0001437749-23-035622.txt ( ) — 584KB
• atlc-20231229.xsd (EX-101.SCH) — 4KB
• atlc-20231229_def.xml (EX-101.DEF) — 14KB
• atlc-20231229_lab.xml (EX-101.LAB) — 18KB
• atlc-20231229_pre.xml (EX-101.PRE) — 14KB
• atlc20231228_8k_htm.xml (XML) — 5KB

01.           Entry Into a Material Definitive Agreement

Item 1.01.           Entry Into a Material Definitive Agreement.   On December 29, 2023, Atlanticus Holdings Corporation (the "Company") entered into an At-The-Market Sales Agreement (the "Sales Agreement") with BTIG, LLC ("BTIG") providing for the sale by the Company of its common stock, no par value per share (the "Common Stock"), up to an aggregate offering price of $50,000,000, from time to time to or through BTIG, in connection with the Company's Common Stock "at-the-market" offering program (the "Offering").   The Common Stock is being offered and sold pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-255834) (the "Shelf Registration Statement") filed with the Securities and Exchange Commission (the "SEC") on May 6, 2021, which became effective on May 13, 2021. A prospectus supplement relating to the Offering has been filed today with the SEC.   From time to time during the term of the Sales Agreement, the Company may deliver a placement notice to BTIG, as sales agent, specifying the amount of Common Stock requested to be sold or the gross proceeds to be raised in a given time period, the time period during which sales are requested to be made, any limitation on the amount of Common Stock that may be sold in any single day, any minimum price below which sales may not be made or any minimum price requested for sales in a given time period and any other instructions relevant to such requested sales. Upon the Company's issuance of a placement notice, BTIG will use its commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal laws, rules and regulations and the rules of The NASDAQ Global Select Market (the "Exchange"), to sell the Common Stock up to the amount specified in, and otherwise in accordance with the terms of, the placement notice.   BTIG may sell Common Stock, as sales agent, by any metho

01   Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits.   (d) Exhibits.   Exhibit No.   Description     1.1   At-The-Market Sales Agreement, dated December 29, 2023, by and between Atlanticus Holdings Corporation and BTIG, LLC.     5.1   Opinion of Troutman Pepper Hamilton Sanders LLP     23.1   Consent of Troutman Pepper Hamilton Sanders LLP (contained in Exhibit 5.1 above).       104   Cover Page Interactive Data File (embedded within the Inline XBRL document)   2    

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     ATLANTICUS HOLDINGS CORPORATION         Date:   December 29, 2023 By:     /s/  William R. McCamey Name: William R. McCamey Title:   Chief Financial Officer   3

View Full Filing

View this 8-K filing on SEC EDGAR