Annovis Bio Inc. (ANVS) Prices 5.25M Share Offering at $4/sh

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Annovis Bio, Inc. Announces Pricing of $21 Million Public Offering

February 3, 2025 6:22 AM EST

MALVERN, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- via IBN Annovis Bio, Inc. (NYSE: ANVS) (Annovis or the Company), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimers disease (AD) and Parkinsons disease (PD), today announced the pricing of an underwritten public offering of 5,250,000 shares of common stock and warrants to purchase 5,250,000 shares of common stock at a combined public offering price of $4.00 per share. The warrants will have an exercise price of $5.00 per share and will be immediately exercisable upon issuance for a period of five years... More