SaleJul 30, 2026, 05:41 PM
DBV Technologies Sells $50M ADSs via ATM Program to RA Capital
AI Summary
DBV Technologies announced the sale of approximately $50 million in American Depositary Shares (ADSs) through its At-The-Market (ATM) Program to RA Capital Management, L.P. The transaction involves the issuance of 18,288,220 new Ordinary Shares, underlying 3,657,644 ADSs, at a price of $13.67 per ADS. This capital raise is expected to cause a dilution of approximately 5.82% for existing shareholders, with the issuance and delivery anticipated by August 3, 2026.
Key Highlights
- DBV Technologies to sell approximately $50 million of ADSs.
- Sale conducted through an At-The-Market (ATM) Program.
- RA Capital Management, L.P. is the purchaser of the ADSs.
- 18,288,220 new Ordinary Shares (3,657,644 ADSs) will be issued.
- Issue price is $13.67 per ADS, representing a 0.15% discount to Euronext Paris closing price.
- The issuance is expected to result in approximately 5.82% dilution.
- Issuance and delivery of new Ordinary Shares expected on August 3, 2026.
- RA Capital will hold 5.82% of the share capital after the ATM Issuance.
Price Impact
More from DBVT