Affimed NV priced an underwritten public offering of 10 million common shares at $1.80 per share.
The company granted underwriters an option to buy up to an additional 1.5 million common shares.
Net proceeds are expected to total about $16.9 million.
The offering is expected to close on or about Jan. 25, subject to customary closing conditions.
BMO Capital Markets Corp. and Wells Fargo Securities LLC are acting as joint book-running managers, while Trout Capital LLC is acting as co-manager for the offering.