Summary by Moomoo AI
Cardio Diagnostics Holdings, Inc. (Cardio) has entered into an at-the-market offering agreement with Craig-Hallum Capital Group LLC, enabling the sale of up to $17 million in common stock. This arrangement allows Cardio to sell shares through Craig-Hallum, acting as an agent or principal, directly on the Nasdaq where Cardio's common stock and public warrants are listed under the symbols 'CDIO' and 'CDIOW,' respectively. The sales agreement is in accordance with the terms of the prospectus supplement and the accompanying prospectus. The offering may be made through various methods, including ordinary broker transactions and privately negotiated deals. The compensation to Craig-Hallum is set at 2.5% of the gross proceeds from the sale of shares. The net proceeds...Show More