TRVI 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-161582

TRVI filed a 424B5 (prospectus (offering)) with the SEC on Apr 17, 2026. The final terms of an offering of shares or bonds. The stock moved +4.7% by the first close after the filing.

Summary of the filing

Trevi Therapeutics is offering 11,600,000 shares of common stock at $13.00 per share, with an option for underwriters to purchase an additional 1,740,000 shares, expecting total proceeds of approximately $141.8 million (or $163.0 million if the option is exercised).

Key details

Shares offeredshares 11.6M
Public offering price per share$13
Total offering value$150.8M
Underwriting discounts and commissions$9.0M
Proceeds to issuer before expenses$141.8M
Additional shares underwriter optionshares 1.7M
IssuerTrevi Therapeutics, Inc.
Joint book-running managerMorgan Stanley
Joint book-running managerLeerink Partners
Joint book-running managerCantor
Joint book-running managerStifel
Lead managerOppenheimer & Co.

How TRVI stock reacted

Close before

$14.54

Apr 16, 2026

First close after

+4.75%

$15.23

5 trading days

-2.41%

$14.19

Since filing

-1.44%

$14.33

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Frequently asked questions

What did TRVI file with the SEC on Apr 17, 2026?

TRVI filed a 424B5 (Secondary offering). Trevi Therapeutics is offering 11,600,000 shares of common stock at $13.00 per share, with an option for underwriters to purchase an additional 1,740,000 shares, expecting total proceeds of approximately $141.8 million (or $163.0 million if the option is exercised).

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 $14.54 before the filing and $15.23 on Apr 17, 2026 (+4.75%). Five trading days later: $14.19 (-2.41%).

Other TRVI SEC filings

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