Annovis Bio Launches ~$15 Million Stock-and-Warrant Offering Underwritten by Canaccord Genuity

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2026.05.20 20:23
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Annovis Bio has launched a public offering of 7,895,000 shares and warrants underwritten by Canaccord Genuity, aiming to raise approximately $15 million. The shares are priced at $1.90 each, with warrants exercisable at $2.25 for six years. Proceeds will fund Buntanetap trials for Alzheimer's and Parkinson's, as well as general corporate needs. The offering is expected to close on May 21, 2026.