Item 8.01 Other Events
On March 31, 2021, Teligent, Inc. (the "Company") completed its previously
announced at-the-market equity offering program (the "ATM Program"). Under the
ATM Program, the Company sold an aggregate of 38,712,036 shares (the "Shares")
of common stock, par value $0.01 per share ("Common Stock"), between January 28,
2021 and March 31, 2021. The Shares were sold at an average price of
approximately $0.993 per Share resulting in aggregate gross proceeds of
approximately $38.5 million and aggregate net proceeds of approximately $37
million after deducting commissions due on the sale of Shares. After settlement
of the final Shares sold in the ATM Program, the Company will have 92,817,493
shares of Common Stock issued and outstanding.
The Shares were sold pursuant to a shelf registration statement on Form S-3 and
the related prospectus (File No. 333-224188) that became effective on May 18,
2018, supplemented by the prospectus supplement dated January 28, 2021, as
further supplemented by supplement no. 1 to the prospectus supplement dated
February 16, 2021.
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TELIGENT 