Synergy raises $15M in follow-on

Synergy Pharmaceuticals Inc. (NASDAQ:SGYPD) raised $15 million through the sale of 1.9 million units at $8 in a follow-on underwritten by Aegis Capital and EarlyBirdCapital. Each unit comprises two shares and a five-year warrant to purchase a share at $5.50. The company also implemented a 1-for-2 reverse stock split and listed its shares on NASDAQ. Synergy was previously listed on the OTCQB. Synergy was off $0.19 to $4.01 on Thursday. ...