Replies to post #8217 on Theriva Biologics Inc (TOVX)

[BooDog]

It's an ATM, so SYN just tells them when and how much they want and hands over the shares. And of course B Riley isn't going to sit on them.

... having an aggregate offering price of up to $8,841,386 from time to time through or directly to B. Riley, acting as sales agent or principal. As of the date of this prospectus supplement, we have sold an aggregate of 12,802,366 shares of our common stock (on a post 2018 split basis) having an aggregate offering price of $15,942,452 under the sales agreement with B. Riley.

ATM's are toxic imo. But it's all up to SYN on the when and how much.

That from time to time was clearly when "whoever" pumped the price over the $. But, who knows.