Summary by Moomoo AI
Avenue Therapeutics has announced the filing of a prospectus related to the resale of 1,420,741 shares of common stock by selling stockholders. The shares are comprised of those issuable upon the exercise of Series C and Series D Warrants, as well as Placement Agent Warrants, which were initially issued in a private placement transaction that closed on May 1, 2024. The Series C and D Warrants have an exercise price of $6.20 per share, while the Placement Agent Warrants have an exercise price of $7.75 per share. The Series C Warrants and Placement Agent Warrants are exercisable immediately and for a period of five years from the date of issuance, whereas the Series D Warrants are exercisable for eighteen months from issuance. The selling stockholders...Show More