Cybin Inc announces oversubscribed private placement of 348,837,210 common shares at an issue price of $0.43 per share for gross proceeds of $ 150,000,000 on March 13, 2024. The transaction will include participation from Deep Track Capital, as lead investor, RA Capital Management, Avidity Partners, Acorn Bioventures, Altium Capital, Logos Capital, Octagon Capital, Rosalind Advisors, Sphera Healthcare and other institutional investors. The transaction is expected to close on March 19, 2024.

The transaction is subject to all necessary regulatory and stock exchange approvals, including the approval of the Cboe Canada and the NYSE American LLC.