Synergy CHC Corp. announced the pricing of an underwritten public offering of 1,750,000 shares of common stock at $2.50 per share, totaling $4.375 million in gross proceeds.
The offering is expected to close on August 27, 2025.
Net proceeds will be used for working capital and general corporate purposes.
Public Offering Details
1,750,000 shares of common stock priced at $2.50 per share, with gross proceeds of $4.375 million.
Underwriter Warrants
The company agreed to issue warrants for up to 52,500 shares of common stock, exercisable after 180 days from the offering closing.
Book-Running Manager
Bancroft Capital, LLC is the sole book-running manager for the offering.
- Synergy CHC Corp. will use the net proceeds from the offering for working capital and general corporate purposes, indicating a focus on financial stability and growth.
- The announcement reflects the company's strategic decision to raise capital through a public offering, which may affect its market position and investor perception.
The public offering by Synergy CHC Corp. signifies a strategic move to enhance financial resources and support its growth initiatives in consumer health and wellness markets.