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424B5 ·Filed Apr 20, 2026

ANTX

AN2 Therapeutics, Inc.
BEARISH
Impact 6/10
Horizonweeks Processed6mo ago SEC0001193125-26-164095
Notable filing: 424B5
Actionable Insight ▼ Bearish

Monitor the pace and pricing of stock sales under this ATM offering, as frequent sales could signal cash burn concerns and may pressure the stock price. Watch for any updates on the use of proceeds, especially regarding the progress of their clinical trials.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
ANTX ▲ +22.89% at T+60d
SHORT call ✗ call lost -22.89% · α vs SPY -16.00% · entry $3.80 → $4.67
Entry = T+0 close
Apr 20, 2026
via day close
T+1d
+5.26%
call -5.26% · α -4.24%
$4.00
settled 6mo ago
T+5d
+24.74%
call -24.74% · α -23.65%
$4.74
settled 6mo ago
T+20d
+17.89%
call -17.89% · α -12.98%
$4.48
settled 5mo ago
T+60d
+22.89%
call -22.89% · α -16.00%
$4.67
settled 3mo ago

Price Chart

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Executive Summary

AN2 Therapeutics has filed a $80 million at-the-market (ATM) offering through Jefferies, allowing it to sell common stock from time to time. The offering is part of a shelf registration that replaces an expiring one, with proceeds intended for R&D and general corporate purposes. This follows a recent $40 million private placement.

Key Facts

  • AN2 Therapeutics filed a $80 million at-the-market (ATM) offering through Jefferies.
  • The offering is part of a shelf registration that replaces an expiring one.
  • Proceeds from the offering are intended for research and development and general corporate purposes.
  • This follows a recent $40 million private placement.
  • The company's stock is listed on the Nasdaq Global Select Market under the symbol ANTX.

Financial Impact

The offering could raise up to $80 million, with proceeds primarily used for R&D and general corporate purposes.

dilutioncashFlowequity

Risk Factors

  • Dilution to existing shareholders as new shares are issued.
  • Potential downward pressure on the stock price due to increased supply in the market.
  • The company may not use the proceeds effectively, which could negatively impact its financial condition and market value.

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations

Investment Themes

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
424B5 Filing (Primary)0001193125-26-164095
Document: 0001193125-26-164095-index-headers.html0001193125-26-164095
Document: 0001193125-26-164095-index.html0001193125-26-164095
Document: 0001193125-26-164095.txt0001193125-26-164095
5 reports for ANTX
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for ANTX — sortable, filterable
TypeNow
Aug 11, 2026
10w ago
8-K
NEUTRAL ★ 4/10
$6.28awaiting T+60—$3.63 (−42.20%)
Jun 4, 2026
20w ago
8-K
BULLISH ★ 7/10
$3.82 $5.55▲ +45.29%▲ +41.29%$3.63 (−4.97%)
Apr 22, 2026
26w ago
DEFA14A
NEUTRAL ★ 3/10
$4.28 $4.80▲ +12.15%▲ +7.13%$3.63 (−15.19%)
Apr 21, 2026
26w ago
EFFECT
NEUTRAL ★ 4/10
$3.80 $4.67▲ +22.89%▲ +16.00%$3.63 (−4.47%)
Apr 20, 2026
27w ago
424B5
BEARISH ★ 6/10
$3.80 $4.67▼ −22.89%▼ −16.00%$3.63 (+4.47%)
Showing 5 of 5

US Market Status

Market Closed — Opens Tue (15h 55m)

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Report published Apr 20, 2026