Corporate ActionMay 8, 2026, 06:02 AM
Pharvaris Prices $115M Public Offering of Ordinary Shares
AI Summary
Pharvaris N.V. announced the pricing of an underwritten public offering of 3,874,664 ordinary shares at $29.68 per share. The offering is expected to generate gross proceeds of approximately $115 million for the company, excluding any exercise of the underwriters' option. The underwriters have a 30-day option to purchase up to an additional 581,199 shares. The offering is anticipated to close around May 11, 2026.
Key Highlights
- Pharvaris priced an underwritten offering of 3,874,664 ordinary shares.
- The offering price is $29.68 per share.
- Gross proceeds are expected to be approximately $115 million.
- Underwriters have a 30-day option to purchase up to an additional 581,199 ordinary shares.
- The offering is expected to close on or about May 11, 2026.
- Morgan Stanley, Leerink Partners, Cantor, and Wells Fargo Securities are joint book-running managers.