03:39 PM EDT, 07/15/2024 (MT Newswires) -- Pulse Biosciences ( PLSE ) said Monday that it entered into an equity distribution agreement with sales agents Canaccord Genuity and Needham to sell up to $60 million in common stock from time to time.

Pulse Biosciences ( PLSE ) will pay up to 3.0% of the gross sales price per share sold by the sales agents, according to a filing with the Securities and Exchange Commission.

The company said its preliminary financial results put cash and cash equivalents at $26 million to $26.5 million as of June 30, which excludes $60 million raised from the closing of its rights offering in July.

Shares of the company were up 2.4% in recent trading.

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