Anavex Life Sciences Corp (AVXL)

[kevindenver]

ATM = At the market financing. PIPES are normally done at a discount to the market.
Both are versions of equity financing.

"BREAKING DOWN 'PIPE Deal'
In a traditional PIPE deal, a company will privately sell equity in publicly-traded common or preferred shares at a discounted rate relative to the market price to an accredited investor. In a structured PIPE deal, the issuing company issues convertible debt, which can usually be converted to the issuing company's stock at the purchaser's will.



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