What's the Deal: Advanced Topics in At-the-Market Offerings
Join us for an in-person CLE covering at-the-market (“ATM”) offering trends. ATM offerings continue to evolve as issuers and banks look for greater flexibility, alternative execution mechanics and expanded participation structures. Beyond the basic “dribble-out” model, modern ATM programs now often incorporate forward components, sub-agent participation, block trades and tailored approaches for investment companies and potential opportunities for recently de-SPAC’d issuers.
In this session, we will walk through various ATM structures, focusing on practical considerations, market trends and key legal and regulatory issues. Topics will include:
- ATMs with forward sale components
- Fee sharing arrangements among agents, forward counterparties and sub-agents
- Use of sub-agents and expanded distribution structures
- Block trades executed off of ATM programs
- ATM programs for closed-end funds and business development companies (BDCs)
- Strategies for accelerating ATM eligibility following a de-SPAC transaction
This is an in-person presentation, with CLE credit, intended to encourage discussion. There will be no recording, and no zoom or hybrid option available.
Thursday, February 26, 2026
8:30 a.m. – 9:30 a.m.
Location
Mayer Brown
1221 Avenue of the Americas
New York, NY 10020-1001
For additional information, please contact Hanson Hairihan at hhairihan@mayerbrown.com.
