Research Reports

Key takeaways

Sales Agreement entered December 11, 2025, for up to $200 million ordinary shares via ATM program.

Agreement terminated April 17, 2026, effective immediately; no further shares will be sold.

5,666,684 ordinary shares sold under ATM as of termination date.

Share numbers adjusted retroactively for January 2026 reverse split.

Eliminates ongoing equity issuance capacity under the program.

Full analysis

The termination of the Sales Agreement with A.G.P./Alliance Global Partners ends the Company's at-the-market offering program, which allowed discretionary sales of up to $200 million in ordinary shares since December 11, 2025. By April 17, 2026, the Company had issued 5,666,684 shares (post-reverse split adjustment), representing partial utilization of the program's capacity. This action halts any future share issuances under the ATM, potentially signaling a strategic shift away from dilutive equity financing. Investors should note the immediate effect, with no additional sales permitted post-termination.

OCG · Oriental Culture Holding Ltd.

Summary

Key takeaways

Full analysis