atai Life Sciences announced a $50 million financing agreement for developing mental health treatments, subject to regulatory conditions.
Quiver AI Summary
Atai Life Sciences announced a financing deal to raise approximately $50 million by selling 18,264,840 ordinary shares and pre-funded warrants to purchase an additional 4,566,210 shares. The funds will support the company's efforts in advancing its clinical development program and general corporate purposes. The financing is co-led by Ferring Ventures and Apeiron Investment Group, with expected completion in the third quarter of 2025, pending regulatory approval. Atai's pipeline includes psychedelic-based therapies for mental health conditions, and the company aims to transition from a clinical-stage biotech to a fully integrated commercial entity. The securities involved in the financing will not be registered under the Securities Act and are intended for private placement.
Potential Positives
- atai Life Sciences has secured approximately $50 million in gross proceeds through subscription agreements for the purchase of ordinary shares and pre-funded warrants, enhancing its financial position.
- The financing will support the advancement of atai's clinical development programs, potentially accelerating the path to new therapeutic options for mental health conditions.
- The involvement of notable investors like Ferring Ventures and Apeiron Investment Group underscores strong market confidence in atai's mission and potential for transformative impact in mental health treatments.
- atai is positioning itself for a transition from a clinical-stage biotech to a fully integrated commercial company, which could lead to increased market presence and value creation in the future.
Potential Negatives
- The offering of securities not registered under the Securities Act may raise concerns among investors regarding the liquidity and regulatory compliance of these shares.
- The requirement to satisfy closing conditions related to antitrust considerations (HSR Act) introduces uncertainty regarding the successful completion of the financing.
- The reliance on private placement financing could suggest a lack of alternative funding sources, potentially indicating financial instability or difficulties in attracting public investments.
FAQ
What financing deal did atai Life Sciences announce?
atai announced a subscription agreement for 18,264,840 ordinary shares and pre-funded warrants to raise approximately $50 million.
How will the proceeds from the financing be used?
The net proceeds will be used for general corporate purposes, working capital, and advancing clinical development of its product candidates.
When is the financing expected to close?
The financing is expected to close in the third quarter of 2025, subject to certain closing conditions.
Who are the main investors in this financing?
The financing was co-led by Ferring Ventures S.A. and Apeiron Investment Group, with participation from other healthcare-focused investors.
What is atai Life Sciences' mission?
atai Life Sciences aims to develop highly effective mental health treatments to significantly improve patient outcomes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATAI Insider Trading Activity
$ATAI insiders have traded $ATAI stock on the open market 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $ATAI stock by insiders over the last 6 months:
- INVESTMENT GROUP LTD. APEIRON has made 2 purchases buying 12,635,718 shares for an estimated $25,275,007 and 0 sales.
- SRINIVAS RAO (See Remarks) sold 75,418 shares for an estimated $101,814
- SAHIL KIRPEKAR (Chief Business Officer) sold 48,563 shares for an estimated $65,560
- ANNE NAGENGAST JOHNSON (Chief Financial Officer) sold 33,545 shares for an estimated $45,285
- GLENN FRANK SHORT (Chief Scientific Officer) sold 13,161 shares for an estimated $17,767
- KEVIN JAMES CRAIG (Chief Medical Officer) sold 11,563 shares for an estimated $15,610
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ATAI Hedge Fund Activity
We have seen 25 institutional investors add shares of $ATAI stock to their portfolio, and 47 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 3,596,374 shares (+185.5%) to their portfolio in Q1 2025, for an estimated $4,891,068
- WALLEYE CAPITAL LLC removed 2,264,912 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $3,012,332
- PALE FIRE CAPITAL SE added 2,095,182 shares (+421.2%) to their portfolio in Q1 2025, for an estimated $2,849,447
- D. E. SHAW & CO., INC. added 978,327 shares (+6507.4%) to their portfolio in Q1 2025, for an estimated $1,330,524
- MOORE CAPITAL MANAGEMENT, LP added 952,380 shares (+inf%) to their portfolio in Q1 2025, for an estimated $1,295,236
- DAVIDSON KEMPNER CAPITAL MANAGEMENT LP added 464,070 shares (+48.9%) to their portfolio in Q1 2025, for an estimated $631,135
- BIT CAPITAL GMBH added 439,107 shares (+inf%) to their portfolio in Q1 2025, for an estimated $597,185
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK and AMSTERDAM, July 01, 2025 (GLOBE NEWSWIRE) -- atai Life Sciences (NASDAQ: ATAI) (“atai”), a clinical-stage biopharmaceutical company on a mission to develop highly effective mental health treatments to transform patient outcomes, today announced it had entered into subscription agreements relating to the purchase of 18,264,840 ordinary shares of atai with a nominal value of €0.10 per share (“Common Shares”) and pre-funded warrant to purchase 4,566,210 Common Shares (the “Pre-Funded Warrant”). The financing is expected to result in gross proceeds of approximately $50 million, before deducting placement agents’ fees and other expenses. The net proceeds from the financing are expected to be used by atai for general corporate purposes, including for working capital and to advance the clinical development of the Company’s product candidates and programs. The private placement is subject to certain closing conditions, including the expiration of the waiting period pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) related to the filing expected to be made by Christian Angermayer in connection with Apeiron’s investment in this financing. The financing is expected to close in the third quarter of 2025.
The financing was co-led by Ferring Ventures S.A. and Apeiron Investment Group, the family office of atai Founder and Chairman Christian Angermayer, with participation from new and existing healthcare-focused institutional investors, including Ally Bridge Group and ADAR1.
Mr. Angermayer commented: “With this financing, atai is well-positioned to accelerate its efforts and achieve its goal of delivering new therapeutic options for individuals facing serious mental health challenges. We are confident that these trial results will support a robust discussion with the FDA and allow us have a clear Phase 3 plan early in 2026. I am especially grateful for the repeated support of Ferring Ventures. Their deep understanding of commercialization, market dynamics, and how to build and run effective sales teams is invaluable for atai as it prepares to transform from a clinical-stage biotech into a fully integrated commercial company over time”.
Jean-Frederic Paulsen, Chairman, Ferring Ventures S.A., added : “Psychedelics have demonstrated remarkable potential as a transformative class of treatments for a range of mental health conditions. atai has consistently led innovation and progress in this space, and I am pleased to expand our investment to support atai in pioneering the next generation of mental health treatments.”
TD Cowen, Leerink Partners, Guggenheim Securities and Berenberg are acting as joint-lead placement agents for the private placement.
The securities being issued and sold in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state’s securities laws, and will be issued and sold in a private placement in reliance on Section 4(a)(2) of the Securities Act. The securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. atai granted registration rights to the purchasers in the private placement, and has agreed to file a registration statement with the Securities and Exchange Commission (the “SEC”) registering the resale of the common shares issued in the private placement and the Common Shares issuable upon exercise of the Pre-Funded Warrants issued in the private placement. The offer and sale of the Common Shares underlying the Pre-Funded Warrant have not been registered under the Securities Act.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About atai Life Sciences
atai is a clinical-stage biopharmaceutical company on a mission to develop highly effective mental health treatments to transform patient outcomes. atai’s pipeline of psychedelic-based therapies includes VLS-01 (buccal film DMT) for treatment-resistant depression (TRD) and EMP-01 (oral R-MDMA) for social anxiety disorder, which are in Phase 2 clinical development. It is also advancing a drug discovery program to identify novel, non-hallucinogenic 5-HT2AR agonists for TRD. These programs aim to address the complex nature of mental health providing commercially scalable interventional psychiatry therapies that can integrate seamlessly into healthcare systems.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “anticipate,” “initiate,” “could,” “would,” “project,” “plan,” “potentially,” “preliminary,” “likely,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, expectations regarding the closing of the private placement financing including satisfaction and timing of closing conditions, including the closing conditions relating to the HSR Act filing, and expectations regarding the use of proceeds from the proposed financing. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including important factors described in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K filed with the SEC, as such factors may be updated from time to time in atai’s other filings with the SEC. atai disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, other than to the extent required by applicable law.
Contact Information
Investor Contact:
[email protected]
atai Media Contact:
[email protected]