Synlogic slips on stock offer pricing

Synlogic

29/09/2023 13:43

** Shares drugmaker Synlogic  SYBX.O  down 8.2% at $2.90
premarket
    ** Co to sell 7.4 mln shares and warrants at $2.84 each
compared to last close of $3.16/shr 
    ** Co expects to receive total gross proceeds of about $21
mln
    ** Chardan is acting as sole book-running manager for the
offering - SYBX
    ** Co has about 4.57 mln shares outstanding - LSEG 
    ** Up to last close, stock was down 72.3% YTD 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))