Corporate ActionJun 15, 2026, 04:08 PM
Alvotech Terminates ATM Prospectus Supplement
AI Summary
Alvotech announced the termination of its prospectus supplement related to the potential issuance of ordinary shares through an At-The-Market (ATM) offering. Effective June 15, 2026, the company will suspend its use of this supplement, meaning no further sales of securities will occur under the existing Sales Agreement until a new prospectus supplement or registration statement is filed. The underlying Sales Agreement with Jefferies LLC, however, remains active.
Key Highlights
- Alvotech terminated its ATM Prospectus Supplement on June 15, 2026.
- The prospectus supplement was related to the potential issuance of ordinary shares.
- No sales of securities will be made under the Sales Agreement without a new prospectus supplement or registration statement.
- The Open Market Sale AgreementSM, dated June 14, 2024, remains in full force and effect.
Price Impact
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