Innodata Inc. (INOD) has entered into an equity distribution agreement allowing for the sale of up to $300 million of its common stock. The sales will be conducted from time to time through an "at-the-market" (ATM) offering program, based on the company's instructions.
Key Details
- Offering Program: The company may offer and sell shares of common stock with an aggregate offering price of up to $300,000,000.
- Agreement Date: The Sales Agreement was executed on August 6, 2026.
- Sales Agents: The offering will be managed by Goldman Sachs & Co. LLC, Craig-Hallum Capital Group LLC, Wells Fargo Securities, LLC, Maxim Group LLC, and Wedbush Securities Inc.
- Terms: The sales agents will receive a commission of up to 2.0% of the gross proceeds from each sale. The company is not obligated to sell any shares and can suspend or terminate the agreement at any time.