InvestorNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Prices $15 Million Public Offering of Common Stock and Warrants
Annovis Bio (NYSE: ANVS) announced the pricing of an underwritten public offering of 7,895,000 shares of common stock and accompanying warrants to purchase up to 7,105,500 additional shares at a combined offering price of $1.90 per share and warrant. The company expects gross proceeds of approximately $15 million before expenses, with net proceeds intended to support continued clinical development of buntanetap for Alzheimer’s and Parkinson’s disease, as well as working capital and general…