WESTBROOK, Maine, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (Nasdaq: SNYR) (“Synergy” or the “Company”), a leading consumer health and wellness company, today announced the closing of an underwritten public offering of 1,750,000 shares of common stock at a public offering price of $2.50 per share for aggregate gross proceeds of $4.375 million prior to deducting underwriting discounts and commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 262,500 shares at the public offering price less the underwriting discounts and commissions.
Related Questions
What is the intended use of the $4.375 million net proceeds and how will it impact the company’s cash runway and growth initiatives?
How does the $2.50 offering price compare to recent trading levels and the implied valuation relative to peers in the consumer health sector?
How will the dilution from the 1.75 M new shares (and potential 262.5 K over‑allotment) affect earnings per share and valuation multiples?