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Pharvaris prices $175M securities offering

2025-07-23 13:20

Pharvaris (NASDAQ:PHVS) priced an underwritten offering of 8.25 million shares at $20 each and 500,000 pre-funded warrants at $19.99 each, raising around $175 million in gross proceeds.

The company also granted underwriters a 30-day option to purchase up to 1.31 million additional shares. The offering is expected to close by July 24, 2025, pending customary conditions.

PHVS fell 7% after hours.

More on Pharvaris

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Pharvaris announces public offering of ordinary shares
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Financial information for Pharvaris

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