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Inno Holdings Inc. Announces $60.0 Million “At-the-Market” Equity Offering Program
Inno Holdings Inc. Announces $60.0 Million “At-the-Market” Equity Offering Program
About this update from Inno Holdings Inc.
[{"type":"text","content":"HONG KONG, May 19, 2026 (GLOBE NEWSWIRE) -- Inno Holdings Inc. (NASDAQ: INHD) (the “Company”), a holding company incorporated in the State of Texas and a trade-focused electronic products trading company with operations primarily in Hong Kong through its Hong Kong subsidiaries, today announced that it has entered into an At-the-Market (“ATM”) equity offering sales agreement (the “Agreement”) dated May 15, 2026, under which the Company may, from time to time, offer and sell shares of its Common Stock (the “Shares”) having an aggregate value of up to $60.0 million, through its sales agent, Aegis Capital Corp. (the “Agent”). The Company’s ATM Sales Agreement for $50.0 million, which was entered into in November 2025, has terminated. Sales of Shares, if any, will be made at or related to then-prevailing market prices and, as a result, prices may vary. The volume and timing of sales under the ATM program will be determined at the Company’s discretion. The Company expects to use any proceeds from the ATM program for general working capital and corporate purposes. Aegis Capital Corp. is serving as exclusive sales agent for the ATM program. McCarter & English, LLP is acting as U.S. counsel to the Company. Kirton & McConkie P.C. is acting as Texas special counsel to the Company. Kaufman & Canoles, P.C. is acting as U.S. counsel to Aegis Capital Corp. Under the Agreement, the Agent may sell the Shares by methods deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, including sales made directly on or through the Nasdaq Capital Market, the existing trading market for the Shares, sales made to or through a market maker other than on an exchange or otherwise, in negotiated transactions at market prices prevailing at the time of sale or at prices related to such prevailing market prices, and/or any other method permitted by law, including in privately negotiated transactions. The Shares will be offered under the Company’s existing effective shelf registration statement on Form S-3 (No. 333-284054) filed with the Securities and Exchange Commission (“SEC”). A prospectus supplement related to the offering has been filed with the SEC. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying prospectus. Current and potential inve...