Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03 April 2018 - 7:09AM
Edgar (US Regulatory)
PROSPECTUS SUPPLEMENT
(To Prospectus dated January 24, 2017)
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-215480
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ARGOS THERAPEUTICS, INC.
Up to $6,264,826
Common Stock
This prospectus supplement amends and supplements the information
in the prospectus, dated January 24, 2017, filed as a part of our registration statement on Form S-3 (File No. 333-2215480),
as previously supplemented by our prospectus supplement dated February 2, 2018, or the Prior Prospectus. On February 2, 2018, we
amended and restated the original sales agreement dated May 8, 2015 to which we were a party with Cowen and Company, LLC, or Cowen,
to increase the maximum aggregate offering price of the shares of our common stock that we may issue and sell from time to time
under the sales agreement from $30,000,000 to $45,000,000. The Prior Prospectus only related to the $15,000,000 of additional shares
of common stock that we may issue and sell as a result of the increase in the maximum aggregate offering price under the amended
and restated sales agreement, or the Sales Agreement. This prospectus supplement should be read in conjunction with the Prior Prospectus,
and is qualified by reference thereto, except to the extent that the information herein amends or supersedes the information contained
in the Prior Prospectus. This prospectus supplement is not complete without, and may only be delivered or utilized in connection
with, the Prior Prospectus, and any future amendments or supplements thereto.
Through April 2, 2018, we have not sold any shares of our common
stock in accordance with the Sales Agreement under the Prior Prospectus. We are filing this prospectus supplement to amend the
Prior Prospectus because we are now subject to General Instruction I.B.6 of Form S-3, which limits the amounts that we may sell
under the registration statement of which this prospectus supplement and the Prior Prospectus are a part. After giving effect to
these limitations and the current public float of our common stock, and after giving effect to the terms of the Sales Agreement,
we currently may offer and sell shares of our common stock having an aggregate offering price of up to $6,264,826 under the Sales
Agreement. If our public float increases such that we may sell additional amounts under the Sales Agreement and the registration
statement of which this prospectus supplement and the Prior Prospectus are a part, we will file another prospectus supplement prior
to making additional sales.
Our common stock is listed on The Nasdaq Capital Market under the
symbol “ARGS.” The aggregate market value of our common stock held by non-affiliates as of April 2, 2018 pursuant to
General Instruction I.B.6 is $18,794,478, which was calculated based on 10,183,792 shares of our common stock outstanding held
by non-affiliates and at a price of $2.15 per share, the closing price of our common stock on January 31, 2018. As of the
date hereof, we have not offered or sold any securities pursuant to General Instruction I.B.6 of Form S-3 during the prior 12 calendar
month period that ends on and includes the date hereof.
Investing in these securities involves risks. See “Risk
Factors” on page S-4 of the Prior Prospectus and documents incorporated by reference into the Prior Prospectus and in our
most recent annual report on Form 10-K and in our most recent quarterly reports on Form 10-Q, and any amendments thereto, which
are incorporated by reference into the Prior Prospectus; and under similar headings in the other documents that are filed after
the date hereof and incorporated by reference into this prospectus supplement and the Prior Prospectus for a discussion of the
factors you should carefully consider before deciding to purchase our common stock.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement
or the accompanying prospectus. Any representation to the contrary is a criminal offense.
Cowen
The date of this prospectus supplement is April 2, 2018