Synergy CHC Corp. announced the pricing of an underwritten public offering on August 25, 2025. The offering consists of 1,750,000 shares of common stock at a public offering price of $2.50 per share, which is expected to generate aggregate gross proceeds of $4.375 million.
The company has granted the underwriters a 45-day option to purchase up to an additional 262,500 shares at the public offering price less underwriting discounts and commissions. The offering is anticipated to close on Wednesday, August 27, 2025, subject to customary closing conditions.
Synergy intends to use the net proceeds from this offering for working capital and other general corporate purposes. The company also agreed to issue warrants to the underwriter to purchase up to 52,500 shares of common stock, exercisable beginning 180 days from the closing of the offering.
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