Aeon Biopharma - AEON STOCK NEWS

AEON Biopharma (NYSE: AEON) has announced the approval of inducement awards in connection with Rob Bancroft's appointment as President and Chief Executive Officer. The Company's Compensation Committee has approved two key grants:

1. A non-qualified stock option to purchase 59,034 shares of AEON Class A common stock, with an exercise price matching the closing price on the grant date

2. 177,103 restricted stock units (RSUs) to be granted upon Form S-8 registration filing or employment start date

Both awards will vest over a four-year period, with 25% vesting annually from the employment start date. These grants are being made under AEON's 2025 Employment Inducement Incentive Award Plan and comply with Section 711 of NYSE American Company Guide.

AEON Biopharma (NYSE: AEON) has appointed Rob Bancroft as President and Chief Executive Officer, effective April 29, 2025. Bancroft, who brings over 25 years of leadership experience in life sciences, will also join AEON's Board of Directors. He previously served as General Manager of Therapeutics at Revance Therapeutics and led Smith & Nephew's Biotherapeutics division.

The appointment comes as AEON advances its ABP-450 program through the 351(k) biosimilar regulatory pathway. ABP-450 shares the same 900kDa molecular weight as BOTOX and aims to provide a comparable alternative in the $3B botulinum toxin therapeutics market. The company expects to announce results from its Biosimilar BPD Type 2a FDA meeting in the second half of 2025.

AEON Biopharma (NYSE: AEON) announced a leadership transition as President and CEO Marc Forth steps down effective April 4, 2025, to pursue another opportunity. Forth will remain on the Board of Directors to provide strategic guidance. Chairman Jost Fischer will serve as Interim CEO while the Board searches for a permanent replacement.

The company, focused on developing botulinum toxin complex for therapeutic indications, is progressing with its 351(k) biosimilar regulatory pathway for ABP-450. The company expects to have a Biosimilar BPD Type 2a meeting with FDA in the second half of 2025, with current cash reserves sufficient to support operations through this milestone.

AEON Biopharma (NYSE: AEON) has reported its Q4 and full-year 2024 financial results, highlighting significant progress in its biosimilar development program for ABP-450. The company has initiated analytical studies in Q4 2024 to prepare for a potential Biosimilar Biological Product Development Type 2a meeting with the FDA in H2 2025.

The company is pursuing a 351(k) regulatory pathway using BOTOX as the reference product, which could enable market access for all of BOTOX's current and future therapeutic indications under a single FDA approval. AEON has commenced primary analytical studies for the comparative analytical assessment (CAA).

In January 2025, AEON strengthened its financial position through an underwritten public offering raising $20.0 million in gross proceeds. The company expects these funds, combined with existing cash, to support operations through 2025. Notably, approximately 89% of the Series B warrants from this offering have been exercised.

AEON Biopharma (NYSE: AEON), a clinical-stage biopharmaceutical company developing a botulinum toxin complex through a 351(k) biosimilar pathway, has announced its participation in the upcoming Leerink Global Healthcare Conference. The event will take place from March 10-12, 2025 in Miami, FL.

Marc Forth, the company's President and Chief Executive Officer, will deliver a corporate overview during the conference. Interested parties can arrange one-on-one meetings with management through their Leerink representatives.

AEON Biopharma (NYSE: AEON), a clinical-stage biopharmaceutical company, has announced a 1-for-72 reverse stock split of its common stock, effective February 26, 2025. The decision was approved by the company's Board of Directors following stockholder authorization at a Special Meeting on February 24, 2025, where shareholders approved a split ratio range of 1-for-5 to 1-for-150.

The reverse split aims to increase the selling price of AEON's common stock to maintain compliance with NYSE American requirements. Trading will continue under the symbol 'AEON' but with a new CUSIP number [00791X 209]. Stockholders' ownership percentages will remain unchanged, except for fractional shares, which will be rounded up to the nearest whole share.

AEON Biopharma (NYSE: AEON) has received a notice of non-compliance from NYSE American on February 3, 2025, due to failing to meet continued listing standards. The company reported a stockholders' deficit of $32.1 million as of September 30, 2024, and losses in two of its three most recent fiscal years, violating Section 1003(a)(i) which requires minimum stockholders' equity of $2.0 million.

AEON must submit a compliance plan by March 5, 2025, to regain compliance by August 3, 2026. While the stock continues trading under 'AEON' with an added '.BC' designation indicating 'below compliance', failure to submit an acceptable plan or meet compliance deadlines could result in delisting proceedings. The company maintains its SEC reporting requirements and intends to submit its compliance plan.

AEON Biopharma (NYSE: AEON) has successfully closed its previously announced $20.0 million underwritten public offering on January 7, 2025. The offering consisted of 40,000,000 Common Units priced at $0.50 per unit. Each unit includes one share of Common Stock and two warrants: a Series A and Series B Warrant, both with an exercise price of $0.625.

The Series A Warrants expire after 60 months following stockholder approval, while Series B Warrants expire after 30 months. Aegis Capital Corp., acting as the sole book-running manager, exercised its over-allotment option for 6,000,000 additional Series A and B Warrants. The company plans to use the net proceeds for general corporate purposes and working capital.

AEON Biopharma (NYSE: AEON) has announced the pricing of a $20.0 million underwritten public offering. The offering consists of 40,000,000 Common Units priced at $0.50 per unit (or $0.4999 for Pre-Funded Units). Each unit includes one share of Common Stock or Pre-Funded Warrant, plus Series A and B Registered Common Warrants exercisable at $0.625.

The Series A Warrants expire after 60 months, while Series B Warrants expire after 30 months following stockholder approval. Aegis Capital Corp. has been granted a 45-day over-allotment option for up to 15% additional shares and warrants.

The company plans to use the proceeds for general corporate purposes and working capital, with CEO Marc Forth stating the capital will fund operations through 2025 and support ABP-450 development as a BOTOX® biosimilar. The offering is expected to close around January 7, 2025.