Bright Minds Biosciences Inc. announced on September 5, 2025, that it has entered into an equity distribution agreement for an at-the-market (ATM) equity offering program. The agreement was made with Piper Sandler & Co. and Cantor Fitzgerald & Co. as agents.
This ATM program allows Bright Minds to offer and sell common shares from time to time in the United States through the facilities of NASDAQ, or any other permitted method. The program provides the company with flexibility to access capital as market conditions allow.
The establishment of this financing mechanism is a strategic move to support the company's ongoing drug development programs and general corporate purposes. It enables Bright Minds to fund its increasing research and development expenses as its pipeline candidates, including BMB-101, BMB-201, and BMB-202, progress through clinical trials.
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