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Autonomix Medical Enters $15M Common Stock Purchase Agreement With Lincoln Park Capital, Effective Over 24 Months; Pending SEC Approval

Author: Benzinga Newsdesk | August 26, 2025 12:53pm

On August 25, 2025, Autonomix Medical, Inc. (the "Company") entered into a purchase agreement, dated as of August 25, 2025 (the "Purchase Agreement"), with Lincoln Park Capital Fund, LLC ("Lincoln Park"), pursuant to which Lincoln Park committed to purchase up to $15.0 million in shares of the Company's common stock, $0.001 par value per share (the "Common Stock"), subject to satisfaction of the conditions and certain limitations contained in the Purchase Agreement.

Concurrently with the execution of the Purchase Agreement on August 25, 2025, the Company also entered into a registration rights agreement, dated as of August 25, 2025 (the "Registration Rights Agreement"), with Lincoln Park, relating to the registration under the Securities Act of 1933, as amended (the "Securities Act"), of the offer and sale of the securities that have been and may be issued and sold by the Company to Lincoln Park, from time to time in the Company's sole discretion, from and after the Commencement Date (defined below), under the Purchase Agreement and to take such other specified actions to maintain such registration under the Securities Act.

Upon the terms and subject to the conditions set forth in the Purchase Agreement, the Company has the right, but not the obligation, to sell to Lincoln Park, and Lincoln Park is obligated to purchase, up to $15.0 million in shares of Common Stock. Such sales of Common Stock, if any, will be subject to certain limitations set forth in the Purchase Agreement, and may occur from time to time, at the Company's sole discretion, over a period of up to 24 months, commencing on the date that each of the conditions to Lincoln Park's purchase obligations set forth in the Purchase Agreement have been initially satisfied (the date on which all such conditions are initially satisfied, the "Commencement Date"), including that a registration statement covering the resale by Lincoln Park of shares of Common Stock that have been and may be issued and sold to Lincoln Park under the Purchase Agreement is declared effective by the Securities and Exchange Commission (the "SEC") and the related final prospectus in connection therewith is filed with the SEC.

Posted In: AMIX

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