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Annovis Bio raises $10M via stock and warrants to fund Alzheimer’s drug Phase 3 trials

Company Fundamentals
09 Apr 2026
GlobeNewsWire
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Neutral
pluang ai news

Annovis Bio, a biotech company developing treatments for neurodegenerative diseases, announced a $10 million underwritten offering of common stock and warrants. The offering includes 5.26 million shares and accompanying warrants priced at $1.90 each, with warrants exercisable at $2.50 after six months. Proceeds will support the Phase 3 clinical trial of their lead drug candidate buntanetap for Alzheimer’s disease and general corporate purposes. The offering is expected to close around April 10, 2026, with Canaccord Genuity as sole bookrunner.

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