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Work Medical Technology Group (NASDAQ:WKMT) announced Monday that it has entered into a sales agreement with AC Sunshine Securities, LLC to offer and sell up to $200 million of its Class A ordinary shares through at-the-market offerings.
According to a statement in a press release, the agreement allows the company to sell shares from time to time at its discretion, with AC Sunshine Securities acting as sales agent. The company is not obligated to sell any shares under the agreement.
Under the terms of the deal, AC Sunshine Securities will use commercially reasonable efforts to sell the shares in accordance with the company’s instructions and applicable regulations. The company will pay the sales agent a commission of 3.5% of the aggregate gross proceeds from each sale and will reimburse certain specified expenses.
The shares will be offered and sold pursuant to a prospectus supplement dated November 21, 2025, to the company’s registration statement on Form F-3 (Registration Number 333-289943), filed on August 29, 2025, for a total offering amount of up to $200 million.
This information is based on a statement in a recent SEC filing.
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