Latest Current Report
Filed: 2026-04-16
Key Insights
- Achieve Life Sciences, Inc. has entered into a $180 million private placement with institutional and accredited investors to fund a Phase 3 clinical trial for their smoking cessation drug cytisinicline, as well as commercialization efforts.
- The private placement includes the issuance of 49.4 million shares of common stock, pre-funded warrants, and common warrants that could provide an additional $173.8 million in proceeds if fully exercised.
- The company has also entered into a registration rights agreement to register the resale of the shares issued in the private placement, providing liquidity for investors.