Synergy (NASDAQ: SNYR), a provider of consumer health care, beauty and lifestyle products, announced the completion of its initial public offering of 1,150,000 shares of its common stock at $9.00 per share. The shares began trading on the Nasdaq Global Market under the ticker symbol SNYR on Oct. 23, 2024. In addition, Synergy granted the underwriters a 30-day option to purchase up to an additional 172,500 shares of common stock at the public offering price less underwriting discounts and commissions. Synergy received approximately $8.4 million in net proceeds from the offering of which it intends to use to repay a portion of outstanding amounts under certain related party promissory notes and for general corporate purposes, including working capital. Roth Capital Partners acted as sole book-running manager for the offering.
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About Synergy CHC Corp.
Synergy is a provider of consumer health care, beauty and lifestyle products. Synergy’s current brand portfolio consists of two marquee brands, FOCUSfactor, a clinically tested brain health supplement that has been shown to improve memory, concentration and focus, and Flat Tummy, a lifestyle and wellness brand that provides a suite of nutritional products to help women achieve their weight management goals. For more information, visit synergychc.com.
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