SCYNEXIS announces $41.9M public offering of common stock and warrants

SCYNEXIS INC

Offering of 3,333,333 shares, pre-funded warrants for 11,666,667 shares, and warrants for 15,000,000 shares at $3.00 per share.
Expected net proceeds of ~$41.9M after underwriting discount and expenses; closing on or about April 26, 2022.
Underwriters have option to purchase up to additional 2.25M shares/warrants; total proceeds could reach ~$48.2M.
Underwriters led by Guggenheim Securities and Cantor Fitzgerald; also Ladenburg Thalmann, Maxim Group, and others.
Warrants have 7-year term and exercise price of $3.45; pre-funded warrants have $0.001 exercise price and unlimited term.

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