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SCYNEXIS -18% after launching stock/warrant offering

|About: SCYNEXIS, Inc. (SCYX)|By: , SA News Editor

SCYNEXIS (NASDAQ:SCYX) is 17.8% lower postmarket after launching an offering of common stock and warrants.

H.C. Wainwright is sole book-runner for the offering.

The company expects to grant the underwriter a 30-day greenshoe option to buy up to an additional 15% of shares at the offering terms.

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