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-0.0147240781984656 -0.00160851274437017 -0.0116307844592922 -0.00210343974263787 -0.00247463499133878 -0.00816629547141789 0.000494926998267838 -0.0110121257114574
Stock impact report

SCYNEXIS announces $40M private placement [Seeking Alpha]

SCYNEXIS, Inc. (SCYX) 
Last scynexis, inc. earnings: 11/12 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.scynexis.com/investor-relations
Company Research Source: Seeking Alpha
The company anticipates upfront gross proceeds from the private placement to be approximately $40M, before deducting placement agent fees Fresh Stock Ideas, Every Day Quick Insights The private placement is expected to provide up to $40M initially and potentially $52.2M more if warrants are fully exercised, which, along with existing cash and securities, should fund operations into mid-2029. SCYNEXIS will issue 34.75M common shares, pre-funded warrants for 8.75M shares, and common warrants for 43.5M shares, with shares and warrants priced at about $0.92 and $0.9199, and warrants exercisable at $1.20 per share. The company intends to use net proceeds for working capital and general corporate purposes. Recommended For You More Trending News Show less Read more
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