Cingulate Inc. (CIN) Prices 4.17M Share IPO at $6/sh

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Go back to Cingulate Inc. (CIN) Prices 4.17M Share IPO at $6/sh

Cingulate Inc. Announces Pricing of $25.0 Million Initial Public Offering

December 7, 2021 9:05 PM EST

KANSAS CITY, Kan., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Cingulate Inc. (Cingulate or the Company), a clinical-stage biopharmaceutical company utilizing its proprietary Precision Timed Release (PTR) drug delivery platform technology to build and advance a pipeline of next-generation products, today announced the pricing of its initial public offering of 4,166,666 shares of common stock and accompanying warrants to purchase 4,166,666 shares of common stock.

Each share of common stock is being sold together with one warrant to purchase one share of common stock with an exercise price of $6.00 at a combined public offering price of $6.00 per share and accompanying warrant. All of the... More