Healthcare services provider Syra downsizes proposed IPO to $6M

Healthcare companies supplier Syra Well being (OTC:SYRA) has downsized its proposed preliminary public providing to $6M.

Syra mentioned in an SEC submitting that it’s now seeking to provide 1.5M items on the assumed priced of $4.125 per unit. Every unit would consist of 1 share plus one warrant to purchase one share for $6.50. Underwriters can be granted a 45-day possibility to purchase as much as 225K extra items to cowl any over-allotments.

In a submitting made in July, Syra mentioned that it was seeking to provide 2M items priced at $4.125 per unit.

Syra hopes to checklist its shares on Nasdaq below the image SYRA. Kingswood is serving as lead bookrunner.

Primarily based in Indiana, Syra supplies staffing, instructional companies and analytics for the healthcare sector. The corporate can also be creating a telehealth app and repair targeted on psychological well being referred to as Syrenity.

Syra has been working within the purple. For the six-month interval ended June 30, Syra reported a web lack of $1.6M on income of $2.2M.

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