Synlogic Inc (SYBX)

[RNsidersbuying]

On June 11, 2019, Synlogic, Inc. (the “ Company ”) entered into a Subscription Agreement (the “ Subscription Agreement ”) with Ginkgo Bioworks, Inc. (“ Ginkgo ”), providing for the issuance and sale by the Company to Ginkgo of an aggregate of (i) 6,340,771 shares (the “ Shares ”) of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”), at a purchase price per Share of $9.00, and (ii) pre-funded warrants to purchase an aggregate of 2,548,117 shares of Common Stock (the “ Pre-Funded Warrants ”) at an exercise price of $9.00 per Share (the “ Offering ”), with $8.99 of such exercise price paid at the closing of the Offering. The gross proceeds to the Company will be approximately $80 million. The closing of the Offering took place on June 11, 2019.

https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13487245&RcvdDate=6/12/2019&CoName=SYNLOGIC,%20INC.&FormType=8-K&View=html