Item 8.01 Other Events
On August 12, 2021, CorMedix Inc. (the "Company"), entered into an At Market
Issuance Sales Agreement (the "Sales Agreement") with Truist Securities, Inc.
("Truist Securities") and JMP Securities LLC ("JMP Securities"), as sales
agents, pursuant to which the Company may sell, from time to time, an aggregate
of up to $50,000,000 of its common stock, par value $0.001 per share (the
"Shares").
The Shares may be issued and sold from time to time through or to Truist
Securities and JMP Securities acting as sales agent or principal pursuant to the
Company's shelf Registration Statement on Form S-3 (Reg. No. 333-249901). The
Company has filed a prospectus supplement, on August 12, 2021, pursuant to Rule
424(b) under the Securities Act of 1933, as amended, with respect to the Shares.
Sales of the Shares, if any, under this prospectus supplement may be made in
transactions that are deemed to be "at the market offerings" pursuant to Rule
415 under the Securities Act of 1933, as amended.
The Company will pay the applicable sales agents a commission equal to 3% of the
gross sales price per share for any Shares sold through such sales agents under
the Sales Agreement. We have provided the sales agents with customary
indemnification and contribution rights.
The foregoing description is qualified in its entirety by reference to the Sales
Agreement, a copy of which is included as Exhibit 1.1 hereto and is incorporated
by reference herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
1.1 Sales Agreement dated August 12, 2021
5.1 Opinion of Morgan, Lewis & Bockius LLP
© Edgar Online, source Glimpses