Brief: Cymabay Announces Pricing Of Public Offering Of Shares, Pre-Funded Warrants

CymaBay Therapeutics

24/01/2023 12:15

Jan 24 (Reuters) - Cymabay Therapeutics Inc  CBAY.O :
    * CYMABAY ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON
STOCK AND
PRE-FUNDED WARRANTS
    * CYMABAY THERAPEUTICS INC - SELLING 10 MILLION SHARES OF
COMMON
STOCK AND PRE-FUNDED WARRANTS TO PURCHASE 2.14 MILLION SHARES OF
COMMON STOCK IN OFFERING
    * CYMABAY THERAPEUTICS INC - SHARES OF COMMON STOCK ARE
BEING SOLD
AT A PUBLIC OFFERING PRICE OF $7.00 PER SHARE
    * CYMABAY THERAPEUTICS INC - GROSS OFFERING PROCEEDS TO
CYMABAY
FROM THIS OFFERING ARE EXPECTED TO BE APPROXIMATELY $85.0
MILLION
    * CYMABAY THERAPEUTICS - USING NET PROCEEDS TO FUND ONGOING
DEVELOPMENT OF SELADELPAR, INCLUDING CLINICAL TRIALS TARGETING
MARKET EXPANSION

Source text for Eikon:  ID:nGNX1LwWlC 
Further company coverage:  CBAY.O 
 ((Reuters.Briefs@thomsonreuters.com;))