Trevi Therapeutics, Inc. announced that it has entered into a definitive agreement with certain healthcare-focused institutional investors for the purchase, in a private placement priced at-the-market under Nasdaq rules, of 4,580,526 shares of common stock at a purchase price of $1.90 per share, and pre-funded warrants to purchase up to an aggregate of 24,379,673 shares of common stock at a purchase price of $1.899 per warrant, for gross proceeds of approximately $55 million.
April 7, 2022
· 6 min read