Apr. 23 at 9:01 PM
$ACRV Bullish read on today’s 13D/A:
RA Capital just bought 3,888,888 shares at
$1.80 for about
$7.0M in cash, and now beneficially owns 12,284,906 shares, or 28.8% of the company.
My takeaway:
* a top biotech specialist just added meaningful size
* Acrivon brought in fresh cash
* yes, there’s dilution, but it was absorbed by a high-conviction institutional buyer
That is usually a much better signal than stock being sold into the open market with no strong hand stepping up.
good to see a sophisticated holder just leaned in.