secwatch.observer — SEC 8-K summary
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Issuer:     SYNLOGIC, INC. (SYBX)
CIK:        0001527599
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001193125-23-246542
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synlogic raises $21M in public offering, funds PKU Phase 3 and manufacturing
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- Gross proceeds of $21M from 7.39M shares and 7.39M warrants at $2.84 per unit.
- Proceeds to fund Phase 3 SYNB1934 for PKU, BLA manufacturing, and SYNB1353 for HCU.
- Top-line data for PKU Phase 3 Synpheny-3 study expected first half of 2025.
- Existing cash plus offering expected to fund operations into first half of 2025.
- Participants include New Enterprise Associates and a board member; Chardan underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527599/000119312523246542/0001193125-23-246542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527599/000119312523246542/d741024d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-246542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer