Aptevo therapeutics announces $3.0 million offering priced at-the-market under nasdaq rules

Seattle, wa / accesswire / september 16, 2024 / aptevo therapeutics inc. (nasdaq:apvo), a clinical-stage biotechnology company focused on developing novel immune-oncology therapeutics based on its proprietary adaptir™ and adaptir-flex™ platform technologies, today announced that it has entered into securities purchase agreements with certain healthcare-focused and institutional investors to purchase (i) 9,090,910 shares of its common stock or pre-funded warrants in lieu thereof and (ii) warrants to purchase up to an aggregate of 18,181,820 shares of its common stock (the "common warrants") at a purchase price of $0.33 per share and associated common warrant in a registered direct offering priced at-the-market under nasdaq rules. each share of common stock is being offered together with two common warrants, each to purchase one share of common stock.
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