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ATM offering (at-the-market)

A program where a company sells new shares gradually into the open market at current prices.

FundamentalsIntermediate

Definition

An at-the-market offering lets a company raise cash over time by selling shares through a broker as they trade. It raises capital without a single big announcement, but each share sold adds to the share count and dilutes existing owners.

Watch out for

Small companies that burn cash often use ATMs repeatedly. Watch the share count and filings for new programs.

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