Annovis Bio, Inc. Announces Closing of $21 Million Public Offering
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Annovis Bio, Inc. has closed a $21 million public offering, issuing 5,250,000 shares and warrants. The offering price was $4.00 per share, with warrants exercisable at $5.00 for five years.
February 04, 2025 | 9:45 pm
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Annovis Bio has successfully closed a $21 million public offering, issuing 5,250,000 shares and warrants. This move could provide the company with necessary capital to advance its drug development for neurodegenerative diseases.
The successful closing of the public offering provides Annovis Bio with significant capital, which is crucial for advancing its clinical drug platform. This financial boost is likely to positively impact the company's stock price in the short term as it strengthens its financial position and supports its R&D efforts.
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