Vericel Corp. (VCEL)

[pgh_maulers]

Here is vcel ir's exact email reply....

Thank you for your email and interest in Vericel. On October 10, 2016, the Company entered into an At-the-Market Sales Agreement (ATM) with Cowen and Company, LLC (Cowen), pursuant to which the Company may sell shares of its common stock through Cowen, as sales agent, in registered transactions from its shelf registration statement filed in June 2015, for aggregate proceeds of up to $25.0 million. The arrangement is already in place; there is no closing. The term of the agreement is until all shares are sold, unless earlier terminated.