electroCore, Inc. Files 8-K for Material Agreement
Ticker: ECOR · Form: 8-K · Filed: Nov 29, 2024 · CIK: 1560258
| Field | Detail |
|---|---|
| Company | Electrocore, Inc. (ECOR) |
| Form Type | 8-K |
| Filed Date | Nov 29, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $20,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: ECOR
TL;DR
ECOR filed an 8-K for a material agreement - details TBD.
AI Summary
On November 29, 2024, electroCore, Inc. filed an 8-K report detailing the entry into a material definitive agreement. The filing also includes financial statements and exhibits, but specific details of the agreement, dollar amounts, or other parties involved are not provided in the provided text.
Why It Matters
This filing indicates a significant business development for electroCore, Inc., potentially impacting its operations and financial standing.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could be positive or negative depending on the terms not disclosed in this excerpt.
Key Players & Entities
- electroCore, Inc. (company) — Registrant
- November 29, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- Rockaway, NJ (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement filed by electroCore, Inc.?
The provided text does not specify the details of the material definitive agreement.
Who are the other parties involved in the material definitive agreement?
The filing excerpt does not name the other parties to the agreement.
What is the effective date of the material definitive agreement?
The filing was made on November 29, 2024, and this is the earliest event reported, suggesting the agreement was entered into around this date.
Are there any financial implications mentioned in the 8-K filing regarding this agreement?
The provided text mentions financial statements and exhibits are included, but specific financial details or impacts of the agreement are not detailed.
What is electroCore, Inc.'s primary business as indicated by its SIC code?
electroCore, Inc.'s SIC code is 3845, which corresponds to ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS.
Filing Stats: 1,060 words · 4 min read · ~4 pages · Grade level 11.2 · Accepted 2024-11-29 16:01:42
Key Financial Figures
- $0.001 — ch registered Common Stock, Par Value $0.001 Per Share ECOR The NASDAQ Capital M
- $20,000,000 — ng an aggregate offering price of up to $20,000,000 (the "Shares") during the term of the S
Filing Documents
- e664048_8k-electrocore.htm (8-K) — 28KB
- e664048_ex5-1.htm (EX-5.1) — 8KB
- e664048_ex10-1.htm (EX-10.1) — 215KB
- image_001.jpg (GRAPHIC) — 3KB
- 0001193805-24-001420.txt ( ) — 481KB
- ecor-20241129.xsd (EX-101.SCH) — 3KB
- ecor-20241129_lab.xml (EX-101.LAB) — 33KB
- ecor-20241129_pre.xml (EX-101.PRE) — 22KB
- e664048_8k-electrocore_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On November 29, 2024, electroCore, Inc. (the "Company") entered into an At The Market Offering Agreement (the "Sales Agreement") with H.C. Wainwright & Co., LLC, as sales agent ("Wainwright"). Under the Sales Agreement, the Company may offer and sell shares of its common stock, par value $0.001 per share, from time to time having an aggregate offering price of up to $20,000,000 (the "Shares") during the term of the Sales Agreement through Wainwright, acting as sales agent. The Company has filed a prospectus supplement relating to the offer and sale of the Shares pursuant to the Sales Agreement. The Shares will be issued pursuant to the Company's previously filed and effective Registration on January 18, 2022 and declared effective on January 25, 2022. The Company intends to use the net proceeds from the offering, if any, to continue to fund sales and marketing, working capital and for other general corporate purposes. The aggregate market value of Shares eligible for sale under the Sales Agreement will be subject to the limitations of General Instruction I.B.6 of Form S-3, to the extent required under such instruction. The Company is not obligated to sell any Shares pursuant to the Sales Agreement. Subject to the terms and conditions of the Sales Agreement, Wainwright will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal law, rules and regulations and the rules of The Nasdaq Capital Market ("Nasdaq"), to sell Shares from time to time based upon the Company's instructions, including any price, time or size limits or other customary parameters or conditions the Company may impose. Under the Sales Agreement, Wainwright may sell Shares by any method permitted by law deemed to be an "at the market offering" as def
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 5.1 Opinion of Dentons US LLP. 10.1 At The Market Offering Agreement, dated as of November 29, 2024, between H.C. Wainwright & Co., LLC and electroCore, Inc.
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. electroCore, Inc. November 29, 2024 /s/ Joshua S. Lev Joshua S. Lev Chief Financial Officer