Mind Medicine (MindMed) Inc (MNMD)

[MomsSpaghetti]

ATM financing strategies provide control on the timing and amount of capital raised. This allows companies to raise capital on the terms that they choose, including when and if the ATM is utilized. This allows companies to opportunistically take advantage of increases in the share price and means that companies do not have to time the capital raise perfectly, in effect "averaging in" to their own share price.

If successful, it can be a blessing for raising general working capital, funding specific projects, funding R&D, and helping to manage the balance sheet (e.g. paying off debt when needed).[2] Because of the “dribble out”[3] nature of ATM offerings and the uncertainty of how much will be raised (for example if the target minimum price is set too high by the company), they are not as useful for a company in dire need of financing or for a company without an actively traded ticker symbol or imminent news releases.