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Cybin Announces Financing of up to US$500 Million Aggregate Principal Amount of Convertible Debentures

1. Cybin secures a securities purchase agreement with High Trail, boosting funding options. 2. This strategic agreement may enhance Cybin's capacity to innovate in mental healthcare.

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FAQ

Why Bullish?

The agreement suggests a positive outlook on financing, akin to previous successful funding rounds boosting similar biotech stocks.

How important is it?

The agreement is a key financial support mechanism for Cybin, enhancing its project pipeline and potential market position.

Why Short Term?

Immediate funding availability can lead to quick advancements in Cybin's treatment options, affecting market sentiment quickly.

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VRTXKMPHSAVA
TORONTO--(BUSINESS WIRE)--Cybin Inc. (NYSE American: CYBN) (Cboe Canada: CYBN) (“Cybin” or the “Company”), a clinical-stage breakthrough neuropsychiatry company committed to revolutionizing mental healthcare by developing new and innovative next-generation treatment options, is pleased to announce the Company has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with High Trail Special Situations LLC (“High Trail”), pursuant to which the Company agreed to sell a.

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