SCYNEXIS Announces Launch of Public Offering of Common Stock and Warrants

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Scynexis (SCYX) Prices $22.5M Common Stock, Warrants Offering

June 21, 2016 9:16 AM EDT

SCYNEXIS, Inc. (Nasdaq: SCYX) announced the pricing of its underwritten public offering of 9,375,000 shares of its common stock and warrants to purchase 4,218,750 shares of its common stock. The shares and warrants are being sold at a public offering price of $2.40 per share sold in the offering, before underwriting discounts and commissions. The gross offering proceeds to SCYNEXIS from this offering are expected to be approximately $22.5 million, before deducting underwriting discounts and commissions and other estimated... More