Cybin Enters $30M Common Stock Purchase Agreement With Lincoln Park Capital Fund
Portfolio Pulse from Benzinga Newsdesk
Cybin has entered into a $30 million common stock purchase agreement with Lincoln Park Capital Fund (LPC) over a 36-month period, with prices based on the market price at the time of each sale.
May 30, 2023 | 9:47 pm
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Cybin has signed a $30 million common stock purchase agreement with LPC, which may provide the company with additional capital over the next 36 months.
The $30 million common stock purchase agreement with LPC provides Cybin with a potential source of additional capital over the next 36 months. This could positively impact the company's financial position and growth prospects, leading to a potential increase in stock price in the short term.
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