Ridgetech Launches New $184.7M ATM Program with Pacific Century Securities

summarizeSummary

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.

check_boxKey Events · Financing and Capital Events · RDGT

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis · 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.