Cybin (CYBN) is pleased to announce the Company has entered into a securities purchase agreement with High Trail Special Situations LLC, pursuant to which the Company agreed to sell and issue to High Trail up to US$500,000,000 in aggregate principal amount of unsecured convertible debentures . The sale and issue of US$50,000,000 principal amount of Convertible Debentures was completed on June 30, 2025. The sale and issue of US$450,000,000 of the principal amount of Convertible Debentures will be determined at a future date, upon mutual agreement of the parties.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYBN:
- Cybin Secures $500 Million Financing to Boost Clinical Programs
- Mike Davis to become CDER deputy director, Pink Sheet’s Gingery says
- CYBN Earnings this Week: How Will it Perform?
- Trump Trade: President said to weigh possible U.S. strike against Iran
- Psychedelic advocates hopeful Trump administration will support space, STAT says