ABVX holder plans $133.7M sale of 1,000,000 ADS under Rule 144
ABVX shareholder Sofinnova Crossover I SLP has filed a notice of proposed sale under Rule 144 covering 1,000,000 ADS, to be sold through Leerink Partners on the NASDAQ.
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Rhea-AI Filing Summary
ABVX shareholder Sofinnova Crossover I SLP has filed a notice of proposed sale under Rule 144 covering 1,000,000 ADS, to be sold through Leerink Partners on the NASDAQ. The filing lists an aggregate market value of 133700000.00 for these shares and an approximate sale date of 01/08/2026.
The ADS were originally acquired in a private placement from the issuer on 07/11/2019, with cash payment completed on 07/15/2019. The filing also notes that securities of the same issuer were sold in the prior three months: 590,877 ADS on 10/28/2025 for gross proceeds of 55638897.00, and 609,123 ADS on 10/29/2025 for gross proceeds of 57261354.00. Shares outstanding are shown as 77,800,000 ADS, providing context for the size of the planned sale.
Insights
Large Rule 144 sale by an ABVX holder, but routine for an institutional fund.
The notice shows Sofinnova Crossover I SLP planning to sell 1,000,000 ABVX ADS via Leerink Partners on the NASDAQ, with an indicated aggregate market value of 133700000.00. These ADS were acquired directly from the issuer in a 2019 private placement and paid for in cash, so this is a secondary sale by an existing investor rather than a new capital raise.
Recent activity is sizable in share and dollar terms: the same holder sold 590,877 ADS on 10/28/2025 for 55638897.00 and 609,123 ADS on 10/29/2025 for 57261354.00. With 77,800,000 ADS outstanding, the planned sale represents a meaningful but minority portion of the equity base. The representation that the seller does not know of undisclosed material adverse information reflects standard Rule 144 language and does not itself signal a change in the company’s fundamentals.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many ABVX ADS does Sofinnova Crossover I SLP plan to sell under this Rule 144 notice?
When is the planned sale of ABVX ADS expected to occur?
How and when did the seller originally acquire these ABVX ADS?
How many ABVX ADS are outstanding according to this filing?
Which broker will handle the planned ABVX ADS sale for Sofinnova Crossover I SLP?
What representation does the seller make about information on ABVX in this notice?
AI-generated analysis. How Rhea-AI works. Not financial advice.