NEW YORK, Sept. 1, 2022 /PRNewswire/ -- Chardan, a
global investment bank, has announced the launch of its Chardan
Equity Facility (ChEF) product, an innovative financing solution
used to support the unique needs of its clients. The ChEF enables
companies to raise equity on a periodic basis after becoming
public, outside the context of a traditional underwritten follow-on
offering.
Companies that have recently announced ChEFs include Senti
Biosciences, Inc. (Nasdaq: SNTI), a synthetic biology platform
company, that has entered into a $50
million ChEF, and Dragonfly Energy (Nasdaq:CNTQ), an
energy-storage solutions company, which has announced an agreement
to enter into a $150 million
ChEF.
"The ChEF is ideal for newly public or soon-to-be public
companies (i.e., de-SPACs) currently facing a challenging and
uncertain capital markets environment who want the flexibility to
raise capital quickly and efficiently. Chardan's transactional
expertise and success raising billions of dollars for innovators
worldwide over the past two decades enables us to be an ideal
partner with the ChEF," said Jonas Grossman, Chardan's
President and Managing Partner.
The recently announced ChEFs further demonstrate Chardan's
commitment to creative solutions for companies seeking access to
capital. Since 2002, Chardan has raised more than $30 billion for companies, including nearly
$10 billion for healthcare companies.
Additionally, Chardan is a leading sponsor, underwriter and adviser
of SPAC transactions, having advised or underwritten nearly 150
SPAC transactions.
About Chardan
Chardan Capital Markets, LLC (Chardan) is an independent global
investment bank specializing in healthcare, disruptive
technologies, and SPACs. Our range of services include capital
raising, merger and acquisition advisory, strategic advisory,
equity research, corporate access, and institutional trading.
Headquartered in New York City, Chardan is a registered
broker-dealer with the U.S. Securities and Exchange Commission and
is a member of the following: FINRA, SIPC, NASDAQ and the NYSE
Arca, Inc.
Learn more about Chardan at www.chardan.com
This press release is and the information contained therein are
not intended to and does not constitute an offer to sell or the
solicitation of an offer to buy, sell or solicit any securities or
any proxy, vote or approval, nor shall there be any sale of
securities of any particular company (including the referenced
companies) in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offer of
securities shall be deemed to be made except by means of an
applicable prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom. In
addition, the availability of the proceeds of any ChEF to a company
is subject to entering into the related documentation and the terms
and conditions of such documentation and market and other
conditions.
Media Inquiries:
Emily Levine, Chardan
elevine@chardan.com (646) 465-9018
Margaret Gaenzle, Prosek
Partners
mgaenzle@prosek.com (804) 714-8848
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SOURCE Chardan