Ridgetech Launches New $184.7M ATM Program with Pacific Century Securities
RDGT is trading near its 52-week low of $1.14 (1.8% above the low) on light trading volume (0.1× avg).
Summary
Ridgetech entered into a new at-the-market sales agreement with Pacific Century Securities to sell up to $184.7 million of ordinary shares, replacing its prior $200M ATM program that was terminated after selling 3.5 million shares.
Key Events · Financing and Capital Events · RDGT
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New ATM Program Launched
A fresh sales agreement with Pacific Century Securities allows Ridgetech to sell up to $184,720,213 of ordinary shares from time to time, replacing the prior $200M ATM program with AC Sunshine Securities.
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Prior Program Terminated After Heavy Dilution
The previous $200M ATM program was terminated on July 11, 2026, after selling 3.5 million shares, nearly doubling the outstanding share count.
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New Agent and Terms
Pacific Century Securities replaces AC Sunshine Securities as sales agent, with a 3.5% commission on gross proceeds and up to $100,000 in expense reimbursements.
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Dilution Risk at Depressed Prices
With the stock trading near its 52-week low of $1.14, any ATM sales at current prices would be highly dilutive to existing shareholders.
Analysis · RDGT · Trade & Services
Ridgetech replaced its terminated $200M ATM program with a new $184.7M program under a new sales agent, Pacific Century Securities. The company nearly doubled its outstanding shares under the prior program before suspending it on July 11. This new program, with a 3.5% commission, signals continued reliance on equity financing to fund operations, creating persistent dilution risk for existing shareholders. The stock is trading near its 52-week low of $1.14, which could amplify the dilutive impact if shares are sold at depressed prices.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1668 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RDGT was trading at $1.16 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1M. The 52-week trading range was $1.14 to $760.49. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.