TerraVia Holdings arranges $25 million at-the-market sales agreement

Agent Cowen and Co. to conduct offering, will be paid a 3% commission

By Devika Patel

Knoxville, Tenn., Aug. 8 – TerraVia Holdings, Inc. negotiated a $25 million at-the-market sales agreement with Cowen and Co., LLC on Aug. 8, according to an 8-K and prospectus supplement filed Monday with the Securities and Exchange Commission.

Cowen will be paid a 3% commission.

Proceeds will be used for general corporate purposes and working capital.

The South San Francisco, Calif., company creates and sells food, nutrition, and specialty ingredients from algae.

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