Cybin Inc (CYBN) Announces $64M Units Offering

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Go back to Cybin Inc (CYBN) Announces $64M Units Offering

Cybin Announces up to US$64 Million Offering of Units

November 10, 2023 8:03 AM EST

TORONTO--(BUSINESS WIRE)-- Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) (Cybin or the Company), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative next-generation psychedelic treatment options, is pleased to announce a firm commitment underwritten offering (the Offering) of 66,666,667 units of the Company (the Units) to one of the Companys largest existing institutional shareholders and new institutional investors at a price of US$0.45 per Unit for gross proceeds of approximately US$30 million. Approximately US$30 million will be funded... More