Affimed NV closed its public offering of 10 million common shares priced at $1.80 per common share.

Net proceeds are expected to be about $16.6 million, after deducting underwriting discounts and other estimated expenses.

The company granted underwriters an option to purchase up to an additional 1.5 million common shares.

BMO Capital Markets Corp. and Wells Fargo Securities LLC are acting as joint book-running managers and Trout Capital LLC is acting as co-manager.