Silo Pharma Announces Closing of $5.75 Million Public Offering of Common Stock, Nasdaq Listing, and Full Exercise of Underwriter’s Over-Allotment Option
Silo Pharmas common stock began trading on the Nasdaq Capital Market under the symbol SILO on September 27, 2022.
- Silo Pharmas common stock began trading on the Nasdaq Capital Market under the symbol SILO on September 27, 2022.
- The gross proceeds from this offering, before deducting underwriting discounts and commissions and other offering expenses payable by Silo Pharma, were $5,750,000 million.
- Silo Pharma intends to use the net proceeds from the offering for product development, marketing, and working capital and general corporate purposes.
- A portion of the proceeds may also be used for acquisitions of complementary businesses, technologies, or other assets.