Advance Technologies Inc (AVTX) Prices 12.5M Share Offering at $2.2/sh

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Go back to Advance Technologies Inc (AVTX) Prices 12.5M Share Offering at $2.2/sh

Avalo Therapeutics, Inc. Announces Pricing of $27.5 Million Public Offering of Common Stock

September 14, 2021 10:24 PM EDT

WAYNE, Pa. and ROCKVILLE, Md., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Avalo Therapeutics, Inc. (Avalo or the Company) (Nasdaq: AVTX), a leading clinical-stage precision medicine company that discovers, develops, and commercializes targeted therapeutics for patients with significant unmet clinical need in immunology, immuno-oncology, and rare genetic diseases, announced today that it has entered into an underwriting agreement with Jefferies LLC and RBC Capital Markets, LLC under which the underwriters agreed to purchase, on a firm commitment basis, 12,500,000 shares of common stock of the Company, at a public offering price of $2.20 per share (the Public Offering... More