ALT Altimmune, Inc.
Price Chart
Executive Summary
Altimmune is raising $211.5 million through a public offering of 64.25 million shares of common stock and 75 million common stock warrants, priced at $3.00 per share. The proceeds will fund the Phase 3 trial of pemvidutide for MASH and general corporate purposes. This is a dilutive capital raise following a recent share authorization increase.
Actionable Insight
Monitor upcoming Phase 3 trial enrollment and clinical data timelines for pemvidutide in MASH, as successful results would be the key catalyst for value creation from this capital raise. Watch for any insider trading activity after the 90-day lock-up period expires.
Key Facts
- Offering 64.25 million shares of common stock and 75 million common stock warrants at $3.00 per share
- Expected net proceeds of $211.5 million after underwriting discounts and expenses
- Proceeds to fund Phase 3 trial of pemvidutide for MASH and general corporate purposes
- Recent charter amendment increased authorized shares from 200M to 400M
- Common stock warrants have an exercise price of $3.00 and expire on the earlier of 5 years or 45 days after a successful Phase 3 data readout
- No established market for the warrants; they will not be listed
Financial Impact
$211.5 million in net proceeds from issuing 64.25 million new shares at $3.00 per share, with potential for additional $225 million if all warrants are exercised
Risk Factors
- Significant dilution to existing shareholders from the share issuance
- Future dilution if warrants are exercised or additional ATM offerings occur
- Clinical trial risk for pemvidutide in MASH indication
- No guaranteed market for the warrants, limiting liquidity
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001104659-26-047979 |
| Document: 0001104659-26-047979-index-headers.html | 0001104659-26-047979 |
| Document: 0001104659-26-047979-index.html | 0001104659-26-047979 |
| Document: 0001104659-26-047979.txt | 0001104659-26-047979 |
Filters
| Type | Now | ||||
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May 28, 2026
17d ago
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Press Release
| $3.07 $2.87 | ▼ −6.51% | ▼ −6.47% | $2.61 (−14.98%) |
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May 27, 2026
18d ago
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Press Release
| $2.98 $2.90 | ▼ −2.68% | ▼ −3.89% | $2.61 (−12.42%) |
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May 13, 2026
4w ago
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8-K
| $3.02 $2.74 | ▼ −9.27% | ▼ −8.11% | $2.61 (−13.58%) |
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May 13, 2026
4w ago
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Press Release
| $3.02 $2.74 | ▼ −9.27% | ▼ −8.11% | $2.61 (−13.58%) |
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May 13, 2026
4w ago
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Press Release
| $3.02 $2.74 | ▼ −9.27% | ▼ −8.11% | $2.61 (−13.58%) |
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May 6, 2026
5w ago
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Press Release
| $3.26 $3.08 | ▼ −5.52% | ▼ −6.65% | $2.61 (−19.94%) |
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Apr 24, 2026
7w ago
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8-K
| $2.80 $3.02 | ▲ +7.86% | ▲ +7.46% | $2.61 (−6.79%) |
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Apr 24, 2026
7w ago
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424B5
| $2.85 $2.60 | ▼ −8.77% | ▼ −9.68% | $2.61 (−8.42%) |
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Apr 23, 2026
7w ago
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Press Release
| $2.89 $2.63 | ▲ +9.00% | ▲ +10.47% | $2.61 (+9.69%) |
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Apr 22, 2026
7w ago
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424B5
| $2.89 $2.63 | ▼ −9.00% | ▼ −10.47% | $2.61 (−9.69%) |
US Market Status
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