Company: AX
Filing Date: 2025-01-28
Form Type: 424B5
Source: 0001299709-25-000009
Chunk: 12

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 424B5
Chunk 12
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 by any method permitted by law and deemed to be part of an “at the market offering” as defined in Rule 415(a)(4) promulgated under the Securities Act, at market prevailing prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. We will instruct each Distribution Agent as to the amount of common stock to be sold by it. We may instruct the Distribution Agents not to sell common stock if the sales cannot be effected at or above the price designated by us in any instruction. We or the Distribution Agents may suspend the offering of shares of common stock upon proper notice and subject to other conditions.

Each of the Distribution Agents will provide written confirmation of a sale to us no later than the opening of the trading day on NYSE following each trading day in which shares of our common stock are sold under the Equity Distribution Agreement. Each confirmation will include the number of shares of common stock sold on the preceding day, the net proceeds to us and the compensation payable by us to the Distribution Agents in connection with the sales.

Under the terms of the Equity Distribution Agreement, the Distribution Agents will be entitled to compensation equal to 2.5% of the gross sales price of shares of our common stock sold through it as agent. We estimate that the total expenses for the offering, excluding compensation payable to the Distribution Agents under the terms of the Equity Distribution Agreement, will be approximately $145,000, assuming the sale of $150,000,000 of common stock offered under this prospectus supplement, which includes our legal, accounting and printing costs and various other fees associated with the offering, and certain ongoing expenses.

Settlement for sales of shares of common stock will occur on the first trading day following the date on which such sales are made, or on such other date that is agreed upon by us and the Distribution Agents in connection with a particular transaction, in each case in accordance with applicable rules and regulations, in return for payment of the net proceeds to us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will report at least quarterly the number of shares of our common stock sold through the Distribution Agents under the Equity Distribution Agreement and the net proceeds to us.

In connection with the sale of the common stock on our behalf, each Distribution Agent may be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation of the Distribution Agents may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and