08:53 AM EDT, 10/24/2025 (MT Newswires) -- Coya Therapeutics ( COYA ) said Friday that it has priced its public offering of shares to raise up to $20 million.

The company said it is offering 3.6 million shares at $5.50 per share. Additionally, underwriters were granted an option to purchase up to 545,454 shares.

Coya said the net proceeds will be used for working capital and general corporate purposes, including funding for its clinical development plan, the company said.

The offering is expected to close on Monday, the company said.

Shares of Coya were down 10% in recent Friday premarket activity.