Synergy CHC Prices $4.38M Public Stock Offering

Synergy CHC Corp., a consumer health and wellness company known for brands like FOCUSfactor and Flat Tummy, has priced an underwritten public offering of 1,750,000 shares of common stock at $2.50 per share, aiming to raise approximately $4.375 million before expenses. The offering price is slightly discounted from the current market price of $2.92, and the company granted underwriters a 45-day option to purchase up to an additional 262,500 shares. The offering is expected to close on August 27, 2025, with proceeds intended for working capital and general corporate purposes. Synergy also agreed to issue warrants to the underwriter for up to 52,500 shares, exercisable 180 days post-closing, with a phased expiration schedule. Bancroft Capital, LLC is the sole book-running manager for the offering. Despite a recent market dip, the company has experienced a 145% return over the past year and maintains strong financials, including 70% gross profit margins and an attractive P/E ratio of 8.4, with products distributed through major retailers in the U.S., Canada, and the U.K.