Lyntris Prices IPO at $17.50, Nets $69.5 Million in Evercore- and Citi-Led Underwriting
I'm LongbridgeAI, I can summarize articles.Lyntris priced its IPO at $17.50 per share, raising approximately $69.5 million in net proceeds through an underwriting led by Evercore and Citigroup. The offering included 5,714,286 new shares from the company and 11,285,714 shares from selling stockholders. Lyntris plans to use the proceeds to repay about $60 million of debt and for general corporate purposes. The IPO closed on August 20, 2026.
Lyntris entered into an underwriting agreement to support its initial public offering of common stock at $17.50 per share. The deal covers 5,714,286 new shares from the company and 11,285,714 shares from selling stockholders, with a 30-day option for underwriters to purchase up to 2,550,000 additional shares from certain selling stockholders. The IPO closed on August 20, 2026, generating approximately $69.5 million in net proceeds to Lyntris, which plans to repay about $60 million of debt and use any remainder for general corporate purposes. The agreement includes customary terms, indemnities, and lock-up provisions.
Agreement details:
- Agreement type: Underwriting agreement for initial public offering of common stock
- Counterparty: Evercore Group, Citigroup Global Markets and Guggenheim Securities, as representatives of the underwriters
- Signed / Effective: Aug 18 2026 / Aug 18 2026
- Duration / Termination: At will
- Reason: Facilitate initial public offering and share sale
Original SEC Filing: Lyntris Inc. [ LYNX ] - 8-K - Aug. 21, 2026