Bridgeline Digital, Inc. 8-K

What Happened

• Bridgeline Digital, Inc. announced on July 14, 2026 that it entered into a Common Stock Sales Agreement with WestPark Capital, Inc. Pursuant to the agreement the company may offer and sell shares of its common stock from time to time in an at-the-market (ATM) offering under a prospectus supplement to its Form S-3 (File No. 333-285176). Sales may occur on The Nasdaq Capital Market or other trading markets, in negotiated transactions, or by other lawful methods.

Key Details

• Sales agent: WestPark Capital, Inc.; transaction type: ATM offering under Rule 415(a)(4).
• Commission: Bridgeline will pay WestPark a fixed commission of 3.0% of gross proceeds.
• Expense reimbursements: up to $50,000 for out-of-pocket expenses plus up to $3,500 per quarter for ongoing counsel diligence.
• No guarantees: Bridgeline is not required to sell any shares; WestPark is not required to buy shares on a principal basis; the agreement can be terminated by either party and ends upon sale of all placement shares or termination.

Why It Matters

• This agreement gives Bridgeline a flexible way to raise equity capital over time at prevailing market prices, which can help fund operations or growth without a single large financing event. However, any share sales will dilute existing shareholders and commissions/expenses will reduce net proceeds. Investors should monitor future 8-Ks or SEC filings for actual share issuance, amounts raised, and potential impact on share count and trading. The company also filed legal opinion from Ruskin Moscou Faltischek, P.C. regarding the legality of the shares.