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INO 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-326370

INO filed a 424B5 (prospectus (offering)) with the SEC on Jul 30, 2026. The final terms of an offering of shares or bonds. The stock moved -36.9% by the first close after the filing.

Summary of the filing

Inovio Pharmaceuticals is offering 21,052,632 shares of common stock and warrants to purchase up to 42,105,264 shares at a combined price of $0.95 per unit, with expected gross proceeds of $20 million.

For details, click here →How to read a 424B5 →

Key details

Total public offering price$20.0M
Underwriting discounts and commissions$1.2M
Proceeds before expenses to us$18.8M
IssuerInovio Pharmaceuticals, Inc.
UnderwriterPiper Sandler

How INO stock reacted

Close before

$1.04

Jul 29, 2026

First close after

-36.92%

$0.66

5 trading days

-34.90%

$0.68

Since filing

+39.42%

$1.45

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Frequently asked questions

What did INO file with the SEC on Jul 30, 2026?

INO filed a 424B5 (Secondary offering). Inovio Pharmaceuticals is offering 21,052,632 shares of common stock and warrants to purchase up to 42,105,264 shares at a combined price of $0.95 per unit, with expected gross proceeds of $20 million.

What does a secondary offering mean for INO stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did INO stock react to this filing?

INO closed at $1.04 before the filing and $0.66 on Jul 30, 2026 (-36.92%). Five trading days later: $0.68 (-34.90%).

Other INO SEC filings

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