Aptevo (APVO) Stock Plummets 79% in a Week: Here's Why [Yahoo! Finance]
Aptevo Therapeutics Inc. (APVO)
Last aptevo therapeutics inc. earnings: 8/9 09:00 am
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US:NASDAQ Investor Relations:
ir.aptevotherapeutics.com/investor-overview
Company Research
Source: Yahoo! Finance
In the past week, the company's stock lost 79.0%. This downside came after management came out with a secondary issue of 3.4 million shares of its common stock to the public at an issue price of $1.35 per share, amounting to $4.6 million in gross proceeds. The issue was closed on Apr 15. Per the public offer's terms, each common stock will be accompanied by two warrants. Each warrant will have an exercise price of $1.35 per share and will be exercisable immediately upon issuance and valid for five years from the issuance date. Aptevo plans to use the net proceeds from this new issue and its existing cash balance to support the clinical development of its pipeline candidates. Management will also use the proceeds for its general corporate purpose, including working capital requirements. Shares of Aptevo plummeted immediately following the announcement of pricing for this issue. The downtick was likely caused by the issuance of a large number of shares, diluting the company's cur
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APVO
News
- Aptevo Therapeutics Inc. (NASDAQ: APVO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Aptevo Therapeutics Announces Closing of $4.6 Million Public Offering [Yahoo! Finance]Yahoo! Finance
- Aptevo Therapeutics Announces Closing of $4.6 Million Public OfferingAccesswire
- Aptevo Therapeutics Provides Pipeline Update [Yahoo! Finance]Yahoo! Finance
- Aptevo Therapeutics Provides Pipeline Update Accesswire
APVO
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- APVO's page on the SEC website