NASDAQ:CRVS 21 January 2026

Shares of Corvus Pharmaceuticals, Inc. dropped nearly 8%, slipping to $19.68 in premarket trading Wednesday. The decline follows the company's announcement of an underwritten public offering worth $150 million in common stock and pre-funded warrants. These warrants let investors lock in shares now by paying most of the price upfront, with the option to buy later. Jefferies and Goldman Sachs are heading the deal, which also includes a 30-day over-allotment option allowing underwriters to purchase an extra $22.5 million in shares.