other material
confidence high
sentiment neutral
materiality 0.55
Annovis Bio raises ~$6M in registered direct offering of 4M shares/pre-funded warrants at $1.50/share
Annovis Bio, Inc.
- Offering comprises 3.15M shares and 850K pre-funded warrants at $1.50 per share (warrant price $1.4999); gross proceeds ~$6M.
- Net proceeds to fund Phase 3 study of Buntanetap for Alzheimer's disease, working capital, and general corporate purposes.
- H.C. Wainwright acts as exclusive placement agent; 7% cash fee plus 200K warrants exercisable at $2.20 per share for 5 years.
- Officers and directors subject to 45-day lock-up from closing date, which is expected on or about October 13-14, 2025.