American Depositary Shares

FocalTherics announced the pricing of an underwritten public offering of 8,425,000 American Depositary Shares (ADSs) at $4.75 per ADS. The company expects gross proceeds of approximately $40.0 million. The offering, made under a Form S-3 shelf registration statement, is expected to close on August 14, 2026. TD Cowen and Mizuho are joint book-running managers.