Reviva Pharmaceuticals announces $10M public offering of stock and warrants
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Offering of 6,666,667 shares (or pre-funded warrants) plus Series G and H warrants at $1.50/unit; gross proceeds $10M.
- Series G warrants exercisable at $1.50 for 5 years; Series H warrants exercisable at $1.50 for 1 year.
- Net proceeds ~$9M to fund RECOVER-2 Phase 3 trial for brilaroxazine in schizophrenia and for working capital.
- Closing expected March 20, 2026; A.G.P./Alliance Global Partners acting as sole placement agent.