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Invivyd Announces Proposed Public Offering of Common Stock

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Invivyd (Nasdaq: IVVD) has announced a proposed underwritten public offering of its common stock. The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of shares at the public offering price. Cantor will serve as the sole book-running manager.

The proceeds will fund multiple initiatives including the VYD2311 clinical program, research and development of pipeline programs for RSV and measles, and advancement of the SPEAR Study Group's research on monoclonal antibody therapy for Long COVID and COVID-19 Post-Vaccination Syndrome. The offering will be made through a shelf registration statement previously filed with the SEC.

Invivyd (Nasdaq: IVVD) ha annunciato una proposta di offerta pubblica sottoscritta delle proprie azioni ordinarie. La società intende concedere agli sottoscrittori un'opzione di 30 giorni per acquistare fino a un ulteriore 15% delle azioni al prezzo dell'offerta pubblica. Cantor agirà come unico book-running manager.

I proventi finanzieranno diverse iniziative, tra cui il programma clinico VYD2311, la ricerca e sviluppo dei programmi in pipeline per RSV e morbillo, e l'avanzamento della ricerca del SPEAR Study Group sulle terapie con anticorpi monoclonali per il Long COVID e la sindrome post-vaccinazione da COVID-19. L'offerta sarà effettuata tramite un prospetto di registrazione "shelf" già depositato presso la SEC.

Invivyd (Nasdaq: IVVD) ha anunciado una propuesta de oferta pública suscrita de sus acciones ordinarias. La compañía planea otorgar a los suscriptores una opción de 30 días para comprar hasta un 15% adicional de acciones al precio de la oferta pública. Cantor actuará como único gestor principal (book-running manager).

Los ingresos financiarán varias iniciativas, incluido el programa clínico VYD2311, la investigación y desarrollo de los programas en cartera para VSR y sarampión, y el avance de la investigación del SPEAR Study Group sobre terapia con anticuerpos monoclonales para Long COVID y el síndrome postvacunación por COVID-19. La oferta se realizará a través de un registro "shelf" previamente presentado ante la SEC.

Invivyd (Nasdaq: IVVD)� 보통주에 대� 공모 인수 제안� 발표했습니다. 회사� 인수인들에게 공모가� 추가 15%� 주식까지 구매� � 있는 30� 옵션� 부여할 계획입니�. Cantor가 단독 북러� 매니저� 활동합니�.

자금읶 VYD2311 임상 프로그램� 포함� 여러 사업, RSV � 홍역 파이프라� 프로그램� 연구개발, 그리� SPEAR Study Group� 장기 COVID(Long COVID) � COVID-19 백신 접종 � 증후군에 대� 단일클론항체 치료 연구 추진� 사용� 예정입니�. 이번 공모� 이미 SEC� 제출� 쉘프(shelf) 등록 명세서를 통해 진행됩니�.

Invivyd (Nasdaq: IVVD) a annoncé une proposition d'offre publique souscrite de ses actions ordinaires. La société prévoit d'accorder aux souscripteurs une option de 30 jours pour acheter jusqu'à 15% supplémentaires des actions au prix de l'offre publique. Cantor agira en tant que seul gestionnaire principal (book-running manager).

Les produits financeront plusieurs initiatives, notamment le programme clinique VYD2311, la recherche et le développement des programmes en pipeline pour le VRS et la rougeole, ainsi que l'avancement des recherches du SPEAR Study Group sur la thérapie par anticorps monoclonaux pour le Long COVID et le syndrome post-vaccination COVID-19. L'offre sera réalisée via une déclaration d'enregistrement "shelf" déjà déposée auprès de la SEC.

Invivyd (Nasdaq: IVVD) hat ein angekündigtes unterzeichnetes öffentliches Angebot seiner Stammaktien bekanntgegeben. Das Unternehmen beabsichtigt, den Zeichnern eine 30-tägige Option einzuräumen, bis zu zusätzliche 15% der Aktien zum öffentlichen Angebotspreis zu erwerben. Cantor wird als alleiniger Book-Running-Manager fungieren.

Die Erlöse sollen mehrere Vorhaben finanzieren, darunter das klinische Programm VYD2311, Forschung und Entwicklung der Pipeline-Programme für RSV und Masern sowie die Weiterführung der Forschung der SPEAR Study Group zu monoklonalen Antikörpertherapien für Long COVID und das COVID-19-Post-Impfungssyndrom. Das Angebot wird über eine bereits bei der SEC eingereichte Shelf-Registrierung vorgenommen.

Positive
  • Proceeds will advance multiple clinical programs including VYD2311, RSV, and measles research
  • Funding for innovative SPEAR Study Group research on Long COVID treatments
  • Previously secured shelf registration statement provides regulatory efficiency
Negative
  • Potential dilution of existing shareholders' value
  • Uncertain market conditions may affect offering completion
  • Final terms and size of offering remain undisclosed

Insights

Invivyd announces common stock offering to fund clinical programs; likely dilutive to existing shareholders while strengthening cash position.

Invivyd's announced public offering of common stock represents a significant capital-raising initiative with multiple implications for investors. The company is seeking to bolster its financial position by issuing new shares with an additional 15% option for underwriters, though specific pricing and share count details remain undisclosed.

The offering's proceeds are earmarked for several strategic initiatives, primarily advancing their VYD2311 clinical program and pipeline research including respiratory syncytial virus and measles programs. Additionally, funding will support their SPEAR Study Group investigating monoclonal antibody therapy effects on Long COVID and COVID-19 Post-Vaccination Syndrome.

This financing approach typically indicates immediate capital needs beyond current cash reserves. While necessary for program advancement, the stock issuance will likely cause dilution for existing shareholders, potentially pressuring share price in the near term. The company's decision to use Cantor as the sole book-running manager suggests a focused distribution approach rather than a broader syndicate.

Investors should note the offering comes with standard regulatory contingencies, including SEC filing requirements and market condition dependencies. The lack of specific terms regarding pricing and total shares offered creates uncertainty around the ultimate dilutive impact, though the company's use of a previously filed shelf registration (from 2022) indicates this capital raise was anticipated in their longer-term planning.

WALTHAM, Mass., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Invivyd, Inc. (Invivyd) (Nasdaq: IVVD) today announced that it has commenced an underwritten public offering of shares of its common stock. In addition, Invivyd intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the shares of Invivyd common stock sold in the public offering at the public offering price, less underwriting discounts and commissions. All of the shares are being offered by Invivyd. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Cantor is acting as sole book-running manager for the offering.

Invivyd intends to use the net proceeds that it will receive from the offering, together with its existing cash and cash equivalents, for trial protocol development, planning and advancement of the VYD2311 clinical program, research and development related to its pipeline programs such as respiratory syncytial virus (RSV) and measles, advancement of the Spike Protein Elimination and Recovery (SPEAR) Study Group efforts related to assessing the effects of monoclonal antibody therapy for Long COVID and COVID-19 Post-Vaccination Syndrome, and for working capital and other general corporate purposes.

The securities described above are being offered by Invivyd pursuant to a shelf registration statement on Form S-3 (File No. 333-267643) filed with the U.S. Securities and Exchange Commission (SEC) on September 28, 2022 and declared effective by the SEC on October 5, 2022.

The offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022; or by e-mail at [email protected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Invivyd

Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2. Invivyd deploys a proprietary integrated technology platform unique in the industry designed to assess, monitor, develop, and adapt to create best in class antibodies. In March 2024, Invivyd received emergency use authorization (EUA) from the U.S. FDA for a monoclonal antibody (mAb) in its pipeline of innovative antibody candidates.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,� “believes,� “could,� “expects,� “intends,� “potential,� “projects,� and “future� or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the timing, anticipated terms and success of the proposed offering, as well as the anticipated use of the net proceeds from the proposed offering. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties and risks may cause Invivyd’s actual results to be materially different than those expressed in or implied by Invivyd’s forward-looking statements. For Invivyd, this includes satisfaction of the customary closing conditions of the offering, delays in obtaining required stock exchange or other regulatory approvals, political uncertainties, stock price volatility and uncertainties relating to the financial markets, the medical community and the global economy, and the impact of instability in general business and economic conditions, including changes in inflation, interest rates and the labor market. Other factors that may cause Invivyd’s actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading “Risk Factors� in the preliminary prospectus supplement relating to the offering to be filed with the SEC, in Invivyd’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC, and in Invivyd’s other filings with the SEC, and in its future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this press release are made as of this date, and Invivyd undertakes no duty to update such information whether as a result of new information, future events or otherwise, except as required under applicable law.

Contacts:

Media Relations
(781) 208-1747

Investor Relations
(781) 208-1747


FAQ

What is the purpose of Invivyd's (IVVD) proposed public offering in 2025?

The offering will fund the VYD2311 clinical program, RSV and measles research, SPEAR Study Group efforts for Long COVID treatments, and general corporate purposes.

How much additional stock can underwriters purchase in Invivyd's 2025 offering?

Underwriters will have a 30-day option to purchase up to an additional 15% of shares at the public offering price.

Who is managing Invivyd's (IVVD) 2025 public offering?

Cantor is acting as the sole book-running manager for the offering.

What research programs will be funded by Invivyd's 2025 stock offering?

The proceeds will fund the VYD2311 clinical program, respiratory syncytial virus (RSV) and measles research, and SPEAR Study Group research on Long COVID and COVID-19 Post-Vaccination Syndrome treatments.

What regulatory approvals does Invivyd have for this offering?

The offering is being made through a shelf registration statement on Form S-3 filed with the SEC on September 28, 2022 and declared effective on October 5, 2022.
Invivyd

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Biotechnology
Biological Products, (no Disgnostic Substances)
United States
WALTHAM