LYRA - Lyra Therapeutics to raise $100.5M via private placement of securities

Lyra Therapeutics (NASDAQ:LYRA) to issue ~$100.5M securities in a private placement. Investors have an option to purchase either shares of the company's common stock at a price of $4.22 per share, or in lieu thereof, pre-funded warrants to purchase shares of the vompany's common stock, with an exercise price of $0.001 per share, at a purchase price of $4.219 per share. Certain investors agreed to purchase an aggregate of 18,815,159 shares of common stock and certain investors agreed to purchase pre-funded warrants to purchase an aggregate of 5M shares of common stock. Each pre-funded warrant will be exercisable immediately. Offering is expected to close on April 12, 2022.

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Lyra Therapeutics to raise $100.5M via private placement of securities