Synergy CHC Corp. Announces Pricing of Underwritten Public Offering

Strategic Insights -

Synergy CHC Corp., a leading consumer health and wellness company, has announced the pricing of an underwritten public offering of 1,750,000 shares of common stock at a public offering price of $2.50 per share. The gross proceeds from the offering are expected to be $4.375 million, prior to deducting underwriting discounts and commissions, and other offering expenses. The Company plans to use the net proceeds from the offering for working capital and other general corporate purposes.

The offering is expected to close on Wednesday, August 27, 2025, subject to satisfaction of customary closing conditions. Synergy has also agreed to issue warrants to purchase up to 52,500 shares of common stock exercisable beginning 180 days from the closing of the offering. Bancroft Capital, LLC is acting as the sole book-running manager for the offering.

Key Takeaways:

  • Synergy CHC Corp. is offering 1,750,000 shares of common stock at a public offering price of $2.50 per share, with gross proceeds expected to be $4.375 million.
  • The Company plans to use the net proceeds from the offering for working capital and other general corporate purposes.
  • Synergy has granted the underwriters a 45-day option to purchase up to an additional 262,500 shares at the public offering price less the underwriting discounts and commissions.
  • Bancroft Capital, LLC is acting as the sole book-running manager for the offering.
  • The Company has agreed to issue warrants to purchase up to 52,500 shares of common stock exercisable beginning 180 days from the closing of the offering.
  • The warrants will expire in tranches: 25% on the third anniversary of the closing date, 25% on the fourth anniversary of the closing date, and 50% on the fifth anniversary of the closing date.
  • Synergy continues to accelerate growth in the consumer health and wellness market, with recent retail wins across mass, grocery, pharmacy, convenience, and wholesale channels poised to drive meaningful gains in late 2025.

Statistics:

  • Gross proceeds from the offering: $4.375 million
  • Number of shares offered: 1,750,000
  • Public offering price per share: $2.50
  • Underwriters' option to purchase additional shares: up to 262,500 shares
  • Number of warrants issued: up to 52,500
  • Expiration dates for the warrants: tranches of 25% on the third anniversary, 25% on the fourth anniversary, and 50% on the fifth anniversary

Sources:

  • Globe Newswire, "Synergy CHC Corp. Announces Pricing of Underwritten Public Offering" (August 25, 2025)
  • SEC filing, Synergy CHC Corp. Form S-1 (File No. 333-289645)
  • Synergy CHC Corp. press release, "Synergy CHC Corp. Announces Pricing of Underwritten Public Offering" (August 25, 2025)