Alvotech prices 26,066,667-share follow-on offering at $3.75 each, raising $98 million gross

• Alvotech closed an underwritten public offering of 26,066,667 ordinary shares at USD 3.75 per share on June 17, 2026.
• Gross proceeds were about USD 98 million, including full exercise of the underwriters’ option for 3,400,000 additional shares.
• Signed a concurrent private placement for 17,826,666 ordinary shares at USD 3.75 per share, targeting about USD 67 million gross.
• Total gross proceeds from both financings are expected to be about USD 165 million; private placement expected to close around June 25, 2026.
• Plans to use proceeds for biosimilar development, working capital, general corporate purposes, capital spending, acquisitions, collaborations, or debt repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606180400OMX_____CNEWS_EN_GNW1001188415_en) on June 18, 2026, and is solely responsible for the information contained therein.