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PYXS 424B5: Secondary offering

Pyxis Oncology

Filed with the SEC on · accession 0001437749-26-031667

PYXS filed a 424B5 (prospectus (offering)) with the SEC on Oct 1, 2026. The final terms of an offering of shares or bonds. The stock moved -6.0% by the first close after the filing.

Summary of the filing

Pyxis Oncology filed a prospectus supplement for a public offering of 36,047,919 shares of common stock, pre-funded warrants for 1,883,121 shares, and common warrants for 49,310,352 shares at a combined price of $2.90 per share, with total proceeds of approximately $103.4 million before expenses.

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Key details

Total offering proceeds to company$103.4M
Underwriting discounts and commissions$6.6M
Offering price per share and accompanying common warrant$3
IssuerPyxis Oncology, Inc.
UnderwriterLeerink Partners
UnderwriterGuggenheim Securities
UnderwriterWells Fargo Securities

How PYXS stock reacted

Close before

$2.33

Sep 30, 2026

First close after

-6.01%

$2.19

5 trading days

-13.73%

$2.01

Since filing

-30.90%

$1.61

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Frequently asked questions

What did PYXS file with the SEC on Oct 1, 2026?

PYXS filed a 424B5 (Secondary offering). Pyxis Oncology filed a prospectus supplement for a public offering of 36,047,919 shares of common stock, pre-funded warrants for 1,883,121 shares, and common warrants for 49,310,352 shares at a combined price of $2.90 per share, with total proceeds of approximately $103.4 million before expenses.

What does a secondary offering mean for PYXS 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 PYXS stock react to this filing?

PYXS closed at $2.33 before the filing and $2.19 on Oct 1, 2026 (-6.01%). Five trading days later: $2.01 (-13.73%).

Other PYXS SEC filings

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