other_material
confidence high
sentiment neutral
materiality 0.75
Annovis Bio prices $15M public offering of 7.9M shares and warrants
Annovis Bio, Inc.
- Offering of 7,895,000 shares and warrants for 7,105,500 shares at combined price $1.90.
- Gross proceeds of ~$15M; expected closing May 21, 2026.
- Warrants exercisable at $2.25 per share, six-year term from issuance.
- Net proceeds for clinical development of buntanetap in Alzheimer's and Parkinson's and working capital.
- Canaccord Genuity acting as sole bookrunner.
item 1.01item 7.01item 9.01