other_material
confidence high
sentiment neutral
materiality 0.30
Trevi Therapeutics terminates ATM prospectus; past sales $14.6M gross
Trevi Therapeutics, Inc.
- On June 2, 2025, Trevi terminated the August 15, 2023 ATM prospectus with Leerink Partners.
- Sales Agreement remains in effect; no sales permitted until a new prospectus is filed.
- As of March 31, 2025, Trevi sold 4,498,065 shares for gross proceeds of ~$14.6M.
- No shares issued or sold under the Sales Agreement after March 31, 2025.
- Commissions and fees on past sales totaled approximately $0.5M.
item 8.01