Cybin Inc. (CYBN) — Cybin unveiled a registered direct offering of about 22.28 million common shares and pre-funded warrants priced at $6.51, for aggregate gross proceeds of roughly $175 million.
The company said it would use proceeds to repay outstanding convertible debentures held by High Trail Special Situations and to advance its CYB003, CYB004 and CYB005 programs. The raise materially strengthened Cybin's cash runway for its Phase 3 depression work.
Source: businesswire.com
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