MetaVia Inc. Announces $10 Million At-The-Market Private Placement to Fund Clinical Development

Reuters

2025/05/14

<a href="https://laohu8.com/S/MTVA">MetaVia Inc</a>. Announces $10 Million At-The-Market Private Placement to Fund Clinical Development

MetaVia Inc., a clinical-stage biotechnology company focused on cardiometabolic diseases, has announced a $10.0 million private placement priced at-the-market under Nasdaq rules. The offering includes the purchase of 9,479,345 shares of common stock at $0.71 per share, along with 4,605,162 pre-funded warrants priced at $0.709 each. The pre-funded warrants come with an exercise price of $0.001 per warrant and are contingent on receiving stockholder approval for the underlying shares. Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for this offering. MetaVia plans to use the net proceeds for working capital and corporate purposes, including the clinical development of DA-1726 for obesity treatment. The closing of the private placement is anticipated on or about May 12, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metavia Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-048210), on May 14, 2025, and is solely responsible for the information contained therein.

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Announces $10 Million At-The-Market Private Placement to Fund Clinical Development\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        MetaVia Inc., a clinical-stage biotechnology company focused on cardiometabolic diseases, has announced a $10.0 million private placement priced at-the-market under Nasdaq rules. The offering includes the purchase of 9,479,345 shares of common stock at $0.71 per share, along with 4,605,162 pre-funded warrants priced at $0.709 each. The pre-funded warrants come with an exercise price of $0.001 per warrant and are contingent on receiving stockholder approval for the underlying shares. Ladenburg Thalmann &amp; Co. Inc. is acting as the exclusive placement agent for this offering. MetaVia plans to use the net proceeds for working capital and corporate purposes, including the clinical development of DA-1726 for obesity treatment. 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