secwatch.observer — SEC 8-K summary
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Issuer:     ARVINAS, INC. (ARVN)
CIK:        0001655759
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0001193125-23-282934
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arvinas raises ~$350M in oversubscribed private placement of common stock and pre-funded warrants
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- Sold 12.96M shares at $21.36/share and 3.42M pre-funded warrants at $21.359/warrant.
- Gross proceeds ~$350M; net ~$334.5M after fees.
- Co-led by EcoR1 Capital and RTW Investments; participants include Adage Capital, RA Capital, others.
- Proceeds to advance clinical programs and preclinical pipeline; cash runway extended into 2027.
- EcoR1 Capital granted right to nominate one board member for 24 months post-close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1655759/000119312523282934/0001193125-23-282934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1655759/000119312523282934/d906900d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282934

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer