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0.00396510705789048 0.0229976209357652 0.0277557494052339 0.0118953211736716 0.0253766851704996 0.0111022997620935 0.0126883425852498 0.0148295003965107
Stock impact report

Annovis Bio Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Annovis Bio, Inc. (ANVS) 
Company Research Source: GlobeNewswire
BERWYN, Pa., Jan. 31, 2020 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE American: ANVS), a clinical stage, drug platform company addressing Alzheimer's, Parkinson's and other neurodegenerative diseases, today announced the closing of its initial public offering of 2,000,000 shares of its common stock at the public offering price of $6.00 per share, and the full exercise by the underwriters of their option to purchase 300,000 additional shares of Annovis Bio’s common stock. The exercise of the option brings the total number of shares of common stock sold by Annovis Bio to 2,300,000 shares. The gross proceeds from Annovis Bio’s initial public offering, including proceeds from the exercise of the underwriters’ option to purchase additional shares, were approximately $13.8 million, before deducting underwriting discounts, commissions and offering expenses payable by Annovis Bio. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the off Show less Read more
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