Axe Compute Inc. (NASDAQ:AGPU) announced on Friday it has updated its at-the-market equity offering program.
According to an SEC filing, the company may now sell up to $100 million of its common stock, effective from May 15, 2026.
This amount is more than three times the company's current market cap of $31 million. Shares trade at $5.85.
The ATM program was originally established with H.C. Wainwright & Co., LLC on May 3, 2024.
The company is no longer subject to certain offering limitations under Form S-3.
In the past 12 months, Axe Compute sold securities worth approximately $12.7 million.
Legal counsel Lucosky Brookman LLP issued an opinion on the shares.
This filing does not constitute an offer to sell securities.
