other_material
confidence high
sentiment neutral
materiality 0.50
Synergy CHC satisfies $12.7M debt to Knight; issues pre-funded warrant for 428,570 shares
Synergy CHC Corp.
- Debt of $12,713,858 to Knight satisfied via $10M cash, $1,213,858 discount, and $1.5M equity conversion.
- Issued pre-funded warrant on June 11, 2025, to purchase up to 428,570 common shares at $0.00001 exercise price.
- Warrant expires June 11, 2026, or earlier upon closing of next equity sale; cashless exercise permitted.
- Exemption from registration claimed under Section 4(a)(2) of Securities Act for private placement.
item 3.02item 9.01