Dec. 11 at 3:06 PM
$ACIU My thoughts - Circa 15M shares traded (15% of ACIU’s 99M float), they could have already pushed through roughly
$44M at an average
$3 price if the ATM is active, meaning nearly half of a likely
$100M raise is already absorbed in a single session; at this liquidity, they could realistically finish the rest over the next few days, so while the
$200M shelf remains live until exhausted or expired, the practical “turn‑off” point for the ATM, IMO, comes once they’ve secured 2–3 years of runway (
$80–100M), after which they’d pause issuance. JMO DYOR
