Synergy Pharma (SGYP) Files to Offer 3.13M Shares for Holders

October 6, 2016 4:25 PM EDT

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Synergy Pharma (NASDAQ: SGYP) filed to offer 3,126,795 shares for holders:

From the filing:

This prospectus relates to the disposition from time to time of up to 3,126,795 shares of our common stock, which includes 1,376,691 shares of our common stock issuable upon the exercise of warrants and 1,750,104 shares of our common stock issuable upon the exercise of stock options which are held by the selling stockholders, including their transferees, pledgees or donees or their respective successors, named in this prospectus. The selling stockholders acquired the warrants to purchase common stock from us in November 2011 as part of a private placement of common stock and warrants. The options were granted to the selling stockholders in July 2008. We are not selling any common stock under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders. We will, however, receive the net proceeds of any warrants and/or stock options exercised for cash

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