Pulse permits TD Cowen to sell up to $59.98M of stock; insiders likely to buy through ATM
I'm LongbridgeAI, I can summarize articles.Pulse has authorized TD Securities to sell up to $59.98 million of common stock under its at-the-market (ATM) agreement. Major shareholders, including Co-Chairman Robert Duggan and CEO Paul LaViolette, are likely to purchase shares, which may enhance market liquidity. The ATM facility allows for sales with an aggregate offering price of $59,976,196, and any insider purchases will occur at the prevailing market bid price or better. This information is based on the original SEC filing dated May 6, 2026.
Pulse approved TD Securities to sell up to $59,976,196 of common stock under its at-the-market agreement; major shareholders indicated likely purchases.
Key Highlights:
- Board authorized TD Securities (TD Cowen) to sell Company common stock to affiliates under the Feb 19, 2026 ATM agreement.
- ATM facility allows offers and sales of common stock with an aggregate offering price up to $59,976,196.
- Co-Chairman Robert Duggan (≈72% owner as of Mar 31, 2026) and CEO Paul LaViolette indicated they are likely to purchase shares soon, no commitments made.
- Any insider purchases would occur at prevailing market bid price or better and may support market liquidity for the ATM program.
Original SEC Filing: PULSE BIOSCIENCES, INC. [ PLSE ] - 8-K - May. 06, 2026
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