Anavex Life Sciences Corp (AVXL)

[F1ash]

Consider this:

“We have entered into a Controlled Equity Offering SM Sales Agreement, or Sales Agreement, with Cantor Fitzgerald & Co., “

“Our common stock is currently listed on the Nasdaq Capital Market under the symbol “AVXL”. On July 2, 2018 the last reported sale price of our common stock was $2.66 per share.”

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12851983&RcvdDate=7/6/2018&CoName=ANAVEX%20LIFE%20SCIENCES%20CORP.&FormType=424B5&View=html


And then, on July 3rd the volume spikes to 9 million shares, which was well in excess of the 500 k daily average. (Likely because Anavex announced the trial approval.)

Since the daily limit that LPC had doesn’t seem to be included in the Cantor agreement, it’s conceivable that a couple million of those shares could have been sold be Cantor on Anavex’s behalf if the Cantor agreement was already in effect.

Seems like a logical way to take advantage of the new ATM and immediately put ~6 million in the bank.


That would be something!

Edit: it also makes perfect sense, why announce the good news (trial approval) before they can take advantage of the Cantor ATM?