- Achieve Life Sciences Inc ACHV has priced its underwritten public offering of 2.9 million at $7 per share, representing a discount of 19% from the last close price of $8.61.
- Underwriters have a 30-day option to purchase up to an additional 428 thousand shares.
- The offering is expected to close by May 27.
- The gross proceeds of approximately $20 million will fund ongoing cytisinicline development, other clinical R&D, working capital, and general corporate purposes.
- Price Action: ACHV shares are down 11.7% at $7.63 during the market session on the last check Tuesday.
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