CVRx, Inc. 8-K

What Happened

• On January 12, 2026, CVRx, Inc. announced it entered into an Open Market Sale Agreement with Jefferies LLC under which the company may offer and sell up to $50.0 million of its common stock in an at-the-market offering. Sales would be made under the company’s effective Form S-3 registration (File No. 333-291309) and a prospectus supplement dated January 12, 2026. The company intends to use net proceeds for working capital and general corporate purposes.

Key Details

• Amount: up to $50.0 million of common stock may be offered and sold from time to time.
• Agent and fees: Jefferies LLC is the sales agent and may receive up to 3.0% of gross proceeds as commission; CVRx also agreed to reimburse certain agent expenses.
• Timing & mechanics: Shares may be sold as an “at-the-market” offering under Rule 415; the company is not obligated to sell any shares and the agreement may be terminated as provided in the contract.
• Registration: Sales will be made pursuant to CVRx’s Form S-3 that was declared effective December 15, 2025 (prospectus supplement dated January 12, 2026).

Why It Matters

• This agreement gives CVRx a flexible way to raise capital quickly by selling shares into the open market as needed, which can help fund operations or general corporate needs without a single large offering.
• For investors, such programs can lead to dilution if the company sells shares; the filing confirms the potential source of future share issuance but does not commit CVRx to sell any shares.
• The cost of the program includes a commission (up to 3.0%) and other agent expenses, which will reduce net proceeds when sales are made.