04:37 AM EDT, 07/23/2025 (MT Newswires) -- Pharvaris ( PHVS ) said late Tuesday it priced a public offering of 8.25 million ordinary shares at $20 apiece and pre-funded warrants to a single investor to buy 500,000 shares at $19.99 per warrant, for about $175 million in expected gross proceeds.

The offering was upsized from a previously planned $150 million.

Underwriters have a 30-day overallotment option to buy up to 1.3 million additional shares.

The company said the offering is expected to close by Thursday.