Nuvilex to sell common stock via $50 million at-the-market agreement

Reasonable, best-efforts deal arranged with Chardan Capital Markets

By Devika Patel

Knoxville, Tenn., May 29 - Nuvilex, Inc. negotiated a $50 million at-the-market sales agreement with Chardan Capital Markets, LLC on May 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.

Chardan will be paid a 3% commission and will conduct the sales on a reasonable, best-efforts basis.

The biotechnology company is based in Silver Spring, Md.

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