Current Report
Filed: 2026-04-10
Key Insights
- Annovis Bio has entered into an underwritten registered direct offering, raising approximately $10 million in gross proceeds to fund the continued clinical development of its lead compound Buntanetap for Alzheimer's disease.
- The offering includes the issuance of 5,263,156 shares of common stock and 5,263,156 accompanying common stock warrants, with an exercise price of $2.50 per share and a 5.5-year term.
- The company plans to use the net proceeds from the offering for the Buntanetap clinical development and for general corporate purposes.