other material
confidence high
sentiment neutral
materiality 0.60
SCYNEXIS enters $50M at-the-market equity facility with Cantor Fitzgerald
SCYNEXIS INC
- New Sales Agreement with Cantor allows sale of up to $50M of common stock at SCYNEXIS's option.
- Compensation to agent is 3% of gross sale proceeds under ATM offering.
- Prior agreements with Cantor and Ladenburg terminated; $3.8M had been sold under those.
- Offering is through effective S-3 registration statement filed Nov 2023.