DBV Technologies Secures €166.7 Million from Warrant Exercised Financing
Châtillon, France - January 16, 2026 - DBV Technologies (Euronext: DBV – Nasdaq: DBVT), a late-stage biopharmaceutical company, has announced an impressive €166.7 million in gross proceeds. This financing comes from the full exercise of ABSA Warrants and BS Warrants associated with its March 2025 financing, positioning the company for significant advancements in its commercial strategy, particularly the potential launch of the VIASKIN® Peanut patch for children aged 4 to 7 in the U.S., pending approval.
Details of the Warrant Exercise
The total financing resulted from the inclusion of:
- 34,090,004 ABSA Warrants, resulting in the issuance of 59,657,507 New Shares at an exercise price of €1.5939.
- 71,005,656 BS Warrants, leading to the issuance of 71,005,656 pre-funded warrants (the “Second Pre-Funded Warrants”) at an exercise price of €1.5764, allowing the subscription for up to 124,259,898 New Shares.
This complete exercise indicates robust investor confidence and the successful execution of DBV's financial strategy to support operational readiness for the anticipated product launch.
Use of Proceeds and Financial Position
The gross proceeds of €166.7 million will primarily support:
- Working capital and general corporate purposes.
- Preparation and submission of a potential Biologics License Application (BLA).
- Funding the launch of the VIASKIN® Peanut patch in the U.S., contingent upon regulatory approval.
Furthermore, if all outstanding Pre-Funded Warrants are exercised, DBV anticipates gross proceeds will reach approximately €168.2 million, totaling a potential financing of €284.5 million from this exercise.
Positive Outlook and 12-Month Projections
Based on its current operations and strategic plan, DBV Technologies is well-positioned with sufficient cash reserves to sustain operations for at least the next 12 months. This projection includes the anticipated launch of the VIASKIN® Peanut product, assuming regulatory approval is granted.
The company asserts that, as of today, there is no substantial doubt regarding its ability to maintain its status as a going concern, although it acknowledges potential risks based on its current business strategy and market conditions.
Trading and Shareholder Impact
All New Shares will be traded on Euronext Paris, maintaining the same ISIN code FR0010417345 and symbol “DBV.” The issuance of New Shares may impact existing shareholder equity and ownership percentages.
Key projections include:
- Ownership interest for a shareholder holding 1.00% prior to issuance may drop to approximately 0.78% post-issue.
- Shareholder equity per share is expected to adjust from around €0.22 to €0.37 on a non-diluted basis.
These figures reflect the dilution effect on existing shareholders and underscore the strategic nature of this financing to bolster the company’s operational capabilities.
Conclusion
DBV Technologies (DBVT) is set for transformative growth as it moves towards the potential launch of its innovative treatment for peanut allergies in children. The successful completion of this financing underscores the company’s robust market strategy and the confidence of its investors in its future potential.