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Stock impact report

Synergy CHC Corp. Prices $10.35 Million Initial Public Offering

Synergy CHC Corp. (SNYR) 
NASDAQ:AMEX Investor Relations: client.irwebkit.com/synergychc
Company Research Source: GlobeNewswire
WESTBROOK, Maine, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (“Synergy”), a provider of consumer health care, beauty, and lifestyle products, announced today the pricing of an initial public offering of 1,150,000 shares of its common stock at $9.00 per share. The shares are expected to begin trading on the Nasdaq Global Market on October 23, 2024 under the ticker symbol “SNYR.” In addition, Synergy granted the underwriters a 30-day option to purchase up to an additional 172,500 shares of common stock at the initial public offering price less underwriting discounts and commissions. The offering is expected to close on October 24, 2024, subject to customary closing conditions. Synergy expects to receive approximately $8.4 million of net proceeds from the offering, or $9.9 million if the underwriters exercise their option to purchase additional shares in full. Synergy intends to use the net proceeds of this offering to repay a portion of outstanding amounts under certain rela Show less Read more
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