Partner Ali Panjwani, a co-chair of Pryor Cashman's Corporate Group, discussed the volatile markets with Law360. Many companies are now drawn to "at-the-market" offerings, also known as "ATMs" as a limited risk avenue for capital. According toLaw360:

One drawback is that ATM sales are typically smaller than underwritten public offerings, plus companies don't know how long it will take to raise desired funds because sales are strategically timed. Companies that urgently need a specific amount of cash — say $50 million to $75 million — within a certain time may prefer a traditional follow-on offering, lawyers say.

"ATMs are good for smaller nibbles at capital," Pryor Cashman LLP partner Ali Panjwani said. "But if a company wants to raise a significant amount of money in one fell swoop, a traditional follow-on is the way to go."

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