Senti Biosciences Holdings (NASDAQ: SNTI) continues $17.5M ATM program
Filing Impact
Filing Sentiment
Form Type
424B5
Rhea-AI Filing Summary
Senti Biosciences Holdings, Inc. amends its ATM prospectus to continue offering up to $17,500,000 of common stock under a sales agreement with Leerink Partners.
The supplement states the Company became successor registrant following a holding-company reorganization implemented by merger and that approximately $6.0 million remained unsold under the ATM as of the date of this supplement.
Positive
- None.
Negative
- None.
Key Figures
Registration Statement: Form S-3, No. 333-285985
ATM capacity: $17,500,000
Remaining unsold: $6.0 million
+3 more
6 metrics
Registration Statement
Form S-3, No. 333-285985
originally declared effective March 31, 2025
ATM capacity
$17,500,000
aggregate offering price of common stock under the sales agreement
Remaining unsold
$6.0 million
amount remaining unsold pursuant to the ATM Prospectus Supplement as of this Supplement
Post-effective amendment filed
April 24, 2026
Post-Effective Amendment No. 1 to Registration Statement was filed
CUSIP
816944 102
new CUSIP assigned following the reorganization
Ticker symbol
SNTI
continues to trade on Nasdaq Capital Market
Key Terms
at-the-market, sales agreement, successor registrant, Section 251(g)
4 terms
at-the-market market
"sale of shares in accordance with the terms of a sales agreement"
"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.
sales agreement regulatory
"sales agreement with Leerink Partners LLC, as the sales agent"
A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.
successor registrant legal
"the Company became the successor to the Predecessor Registrant"
Section 251(g) legal
"implemented in accordance with Section 251(g) of the Delaware General Corporation Law"
Offering Details
ATM
Offering
Offering Type
ATM
FAQ
What does the SNTI prospectus supplement allow the company to do?
It permits Senti Biosciences Holdings to offer up to $17,500,000 in common stock. The sales will be made from time to time through Leerink Partners under the existing ATM sales agreement described in the supplement.
How much of the ATM remained available as of the supplement date for SNTI?
Approximately $6.0 million remained unsold under the ATM. That amount is stated in the supplement as the remaining aggregate offering capacity from the prior $17.5 million program.
Why did Senti Biosciences Holdings become the successor registrant (SNTI)?
The company implemented a holding-company reorganization via merger under Section 251(g). The Predecessor Registrant merged into a Merger Sub and became a direct, wholly owned subsidiary of the new holding company.
Will the ATM continue under the same sales agent for SNTI?
Yes. The Company assumed the Predecessor Registrant’s rights and obligations under the sales agreement with Leerink Partners. The supplement confirms the sales agent relationship continues for future sales.
Does SNTI’s stock continue to trade on Nasdaq after the reorganization?
Yes. The company’s common stock continues to trade on the Nasdaq under the symbol SNTI. The supplement also notes a new CUSIP number was assigned following the reorganization.