Kingswood announces closing of syra health corp. initial public offering

New york , oct. 3, 2023 /prnewswire/ -- syra health corp. (nasdaq: syra) ("syra health" or the "company"), a healthcare consulting company with a mission to improve healthcare by providing innovative services and technology solutions, announced today the closing of its upsized initial public offering (the "ipo") of 1,615,000 units ("units") at a public offering price of $4.125 per unit, for gross proceeds of approximately $6.7 million before deducting underwriting discounts and offering expenses. each unit consists of (a) one share of class a common stock ("class a common stock") of the company and (b) one warrant (each, a "warrant" and collectively, the "warrants") to purchase one share of class a common stock at an exercise price equal to $6.50 per share, exercisable until the fifth anniversary of the issuance date.
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