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0.000185288123031293 -0.0090791180285344 -0.0494719288493609 -0.0735593848434316 -0.073744672966463 -0.018158236057069 0.00611450806003309 -0.0735593848434316
Stock impact report

Announces Oversubscribed Private Placement of U.S. $150 Million [Yahoo! Finance]

Cybin Inc. Common Shares (CYBN) 
Company Research Source: Yahoo! Finance
TORONTO, March 13, 2024 BUSINESS WIRE Cybin Inc. (NYSE American:CYBN) (Cboe CA:CYBN) (" Cybin " or the " Company "), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative next-generation psychedelic-based treatment options, is pleased to announce a proposed private placement (the " Private Placement ") of 348,837,210 common shares in the capital of the Company (the " Common Shares ") at a price of U.S.$0.43 per Common Share representing a premium of approximately 17% to the 10-day volume weighted average trading price on the NYSE American exchange. Aggregate gross proceeds from the Private Placement are expected to be U.S.$150,000,000 before deducting fees and expenses of the offering. The oversubscribed Private Placement is being led by Deep Track Capital and includes participation from RA Capital Management, Avidity Partners, Acorn Bioventures, Altium Capital, Logos Capital, Octagon Capital, Rosalind Advisors, S Show less Read more
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