ACHV ACHIEVE LIFE SCIENCES, INC.
Price Chart
Executive Summary
The SEC declared effective Achieve Life Sciences' S-3 registration statement (File No. 333-295798) on May 21, 2026, covering the resale of up to 99,037,138 shares of common stock by selling stockholders. This includes 49,418,069 shares, 100,500 pre-funded warrant shares, and 49,518,569 common warrant shares issued in an April 2026 private placement. The company will not receive any proceeds from the resale but may receive cash upon exercise of the warrants.
Actionable Insight
The effectiveness of this S-3 for a massive secondary resale creates immediate overhang risk. Traders should monitor for any selling by the institutional investors who received these shares in the April private placement. The 49.5M common warrants, if exercised, would add further dilution. Given the 93% analyst bullish consensus, any selling pressure could create a disconnect between fundamentals and price action.
Key Facts
- Effectiveness date: May 21, 2026
- Registration covers up to 99,037,138 shares of common stock for resale by selling stockholders
- Shares originate from a securities purchase agreement dated April 15, 2026
- Company will not receive proceeds from the resale of shares
- Company may receive proceeds from cash exercise of pre-funded warrants and common warrants
- Current market cap is approximately $472M, making the registered shares a significant potential overhang
Financial Impact
Up to 99,037,138 shares registered for resale, representing a substantial portion of the company's outstanding shares relative to a $472M market cap.
Risk Factors
- Significant dilution overhang from up to 99M shares eligible for resale
- Potential near-term selling pressure from institutional investors
- Warrant exercises could further dilute existing shareholders
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001729 |
| Document: 9999999995-26-001729-index.html | 9999999995-26-001729 |
| Document: 9999999995-26-001729.txt | 9999999995-26-001729 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $5.83 awaiting T+1 | awaiting T+1 | — | $5.52 (+5.24%) |
|
Jun 2, 2026
10d ago
|
8-K
| $5.03 $4.92 | ▼ −2.19% | ▼ −1.49% | $5.52 (+9.74%) |
|
May 22, 2026
22d ago
|
EFFECT
| $4.69 $4.56 | ▲ +2.77% | ▲ +3.36% | $5.52 (−17.70%) |
|
May 19, 2026
24d ago
|
Press Release
| $4.45 $4.57 | ▲ +2.70% | ▲ +1.66% | $5.52 (+24.04%) |
|
May 12, 2026
4w ago
|
8-K
| $5.99 $5.96 | ▼ −0.50% | ▼ −1.08% | $5.52 (−7.85%) |
|
May 12, 2026
4w ago
|
Press Release
| $5.99 $5.96 | ▼ −0.50% | ▼ −1.08% | $5.52 (−7.85%) |
|
Apr 16, 2026
8w ago
|
8-K
| $5.10 $4.25 | ▲ +16.67% | ▲ +16.48% | $5.52 (−8.24%) |
|
Apr 16, 2026
8w ago
|
Press Release
| $4.81 $5.10 | ▲ +6.03% | ▲ +4.81% | $5.52 (+14.76%) |
|
Apr 15, 2026
8w ago
|
Press Release
| $3.55 $4.81 | ▲ +35.49% | ▲ +35.24% | $5.52 (+55.49%) |
|
Mar 24, 2026
11w ago
|
Press Release
| $2.90 $2.82 | ▼ −2.76% | ▼ −3.33% | $5.52 (+90.34%) |
US Market Status
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