DBV Technologies announced it has agreed to sell new American Depositary Shares to RA Capital Management for total gross proceeds of approximately $50 million before commissions and expenses, through its at-the-market program on Nasdaq. The company will issue 18,288,220 new ordinary shares underlying 3,657,644 new ADSs at a price of $13.67 per ADS, with each ADS representing five ordinary shares. The issuance is expected to close on August 3, 2026, and the new ordinary shares will represent a dilution of approximately 5.82% upon completion. Citizens JMP Securities acted as sales agent for the transaction.
DBV Technologies S.A.Dilutive equity offering of ~$50M at $13.67/ADS, representing 5.82% dilution.