NasdaqGS:PHVSPharmaceuticals
The Bull Case For Pharvaris (PHVS) Could Change Following Dilutive US$115 Million Equity Raise - Learn Why
Pharvaris N.V. recently completed a follow-on equity offering of 3,874,664 ordinary shares at US$29.68 per share, raising about US$115.00 million in gross proceeds, after earlier announcing the transaction and granting underwriters a 30-day option to buy up to 581,199 additional shares.
The deal, coming shortly after the Chief Medical Officer’s cashless exercise and sale of stock options, highlights both the company’s drive to bolster its cash position and the active role of insiders in...