Annovis Bio Inc (ANVS)

Annovis Bio Inc Stock (ANVS) dropped by 18.90% from $8.15 to $6.61 in the trading on Tuesday October 31, 2023. The reason why ANVS stock down today is due to pricing units offering at discount. Annovis Bio has priced an underwritten public offering of units to raise $7.5 million. Each unit consists of one share of its common stock and an accompanying warrant. Each warrant will allow the holder to purchase one share. The combined offering price to the public of each share of common stock and accompanying warrant is $6.00.