Abivax Establishes an At-the-Market (ATM) Program on Nasdaq [Yahoo! Finance]
Piper Sandler Companies (PIPR)
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Source: Yahoo! Finance
Paris: FR0012333284 – ABVX / Nasdaq - ABVX) (“ Abivax ” or the “ Company ”), a clinical-stage biotechnology company focused on developing therapeutics that harness the body's natural regulatory mechanisms to modulate the inflammatory response in patients with chronic inflammatory diseases, today announced the implementation of an At-The-Market program (“ ATM Program ”) allowing the Company to issue and sell, including with unsolicited investors who have expressed an interest, ordinary shares in the form of American Depositary Shares (“ ADS ”), each ADS representing one ordinary share, nominal value €0.01 per share, of the Company, with aggregate gross sales proceeds of up to $150,000,000 (subject to French regulatory limits and within the limits of the investors' requests expressed in the context of the program), from time to time, pursuant to the terms of an equity distribution agreement with Piper Sandler & Co. (“ Piper Sandler ”), acting as sales agent. The timing of any issuances
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