Sprott Physical Platinum & Palladium Revises ATM Equity Initiative
- Equity Program Update: Sprott Asset Management has updated its at-the-market equity program.
- Funding Amount: The program allows for the issuance of up to $250 million in units of the Trust in both the United States and Canada.
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Sprott Physical Platinum and Palladium Trust Revises Its "At-the-Market" Equity Initiative
Sprott Asset Management Updates Equity Program: Sprott Asset Management has announced an update to its at-the-market equity program, allowing the issuance of up to $250 million in units of the Sprott Physical Platinum and Palladium Trust in the U.S. and Canada.
Sales Agreement and Distribution Details: The sales will be conducted through various agents on the NYSE and TSX, with proceeds intended for acquiring physical platinum and palladium bullion, subject to the Trust's investment objectives and restrictions.
Sprott Physical Platinum and Palladium Trust Revises Its "At-the-Market" Equity Initiative
ATM Program Update: Sprott Asset Management announced an update to its at-the-market equity program, allowing the Sprott Physical Platinum and Palladium Trust to issue an additional U.S.$100 million in units in the U.S. and Canada, effective September 9, 2025.
Sales Agreement Details: The sales of units will be conducted through agents on the NYSE and TSX at market prices, with proceeds intended for acquiring physical platinum and palladium bullion, adhering to the Trust's investment objectives.