other material
confidence high
sentiment neutral
materiality 0.75
Annovis Bio enters $50M at-the-market equity distribution agreement with Oppenheimer
Annovis Bio, Inc.
- Agreement allows sale of up to $50M of common stock at-the-market through Oppenheimer & Co.
- Oppenheimer will receive 3.0% commission on gross proceeds; company also reimburses certain expenses.
- Company has no obligation to sell any shares and may suspend or terminate the agreement at any time.
- Shares will be issued under existing effective shelf registration statement (File No. 333-276814).
- Offering is effective December 11, 2024; sales subject to company instructions and market conditions.