Syros Pharmaceuticals (SYRS) Prices 5.4M Share Common Offering at $14/Sh

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Go back to Syros Pharmaceuticals (SYRS) Prices 5.4M Share Common Offering at $14/Sh

Syros Announces Pricing of $75.6 Million Public Offering of Common Stock

January 19, 2021 10:41 PM EST

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Syros Pharmaceuticals (NASDAQ: SYRS), a leader in the development of medicines that control the expression of genes, announced today that it has priced an underwritten public offering of 5,400,000 shares of common stock at a public offering price of $14.00 per share, which would result in gross proceeds of approximately $75.6 million, before underwriting discounts and commissions. The proceeds of the offering are expected to be used to fund the development of Syros ongoing clinical and preclinical programs, and for working capital and other general corporate purposes. All shares are... More