TRVI 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-159041

TRVI filed a 424B5 (prospectus (offering)) with the SEC on Apr 16, 2026. Trevi Therapeutics is offering $150 million of its common stock in an underwritten public offering. The stock moved +1.9% by the first close after the filing.

Summary of the filing

Trevi Therapeutics is offering $150 million of its common stock in an underwritten public offering. The offering includes a 30-day option for underwriters to purchase an additional $22.5 million of shares.

Key details

Total offering amount$150.0M
Over-allotment option$22.5M
Last reported sale price per share$14
IssuerTrevi Therapeutics
UnderwriterMorgan Stanley
UnderwriterLeerink Partners
UnderwriterCantor
UnderwriterStifel
UnderwriterOppenheimer & Co.

How TRVI stock reacted

Close before

$14.27

Apr 15, 2026

First close after

+1.89%

$14.54

5 trading days

+3.71%

$14.80

Since filing

+0.42%

$14.33

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Frequently asked questions

What did TRVI file with the SEC on Apr 16, 2026?

TRVI filed a 424B5 (Secondary offering). Trevi Therapeutics is offering $150 million of its common stock in an underwritten public offering. The offering includes a 30-day option for underwriters to purchase an additional $22.5 million of shares.

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

TRVI closed at $14.27 before the filing and $14.54 on Apr 16, 2026 (+1.89%). Five trading days later: $14.80 (+3.71%).

Other TRVI SEC filings

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