Axos Financial enters $150 million at-the-market share sale agreement with KBW, Raymond James
Axos Financial entered an Equity Distribution Agreement on January 28, 2025, allowing it to sell common stock worth up to $150 million through KBW and Raymond James as sales agents. Sales would be made at market prices on the New York Stock Exchange, and the company would pay the agents a 2.5% commission on gross proceeds, so the deal could add new shares and dilute existing holders if used.
Key points
- Agreement covers common stock with an aggregate offering price of up to $150,000,000, sold from time to time
- Minimum amount per calendar quarter designated to one agent is $5,000,000
- Distribution Agents receive a commission equal to 2.5% of gross proceeds
- Company may suspend or terminate the offering, and the filing does not state any shares sold yet
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.