According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Milestone Pharmaceuticals Inc. may issue and sell common shares worth up to 100 million dollars through an equity distribution sales agreement with Cantor Fitzgerald & Co.
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This filing shows that the share issuance will be carried out according to a market sales agreement. The company plans to use the net proceeds from this offering for general corporate purposes, which may include advancing its product pipeline, clinical development, capital expenditures, and supplementing working capital, among other uses.
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