Syndax raises $243M from convertible debt offering, up to 13.6M shares at risk of dilution

Filed June 10, 2026 · Period ending June 10, 2026 · ~1 min read

Key Changes

• high

  Syndax issued $250M of 2.25% convertible senior notes due 2031, netting $243M after fees. Funds will support R&D, commercialization, and general corporate needs.

  Item 1.01 verify on EDGAR →
• high

  Up to 13.6M new shares could be issued if noteholders convert their debt to equity at the initial rate of 54.5 shares per $1,000 of principal, representing potential dilution to current shareholders.

  Item 3.02 verify on EDGAR →
• medium

  Notes were sold in a private placement to qualified investors using SEC registration exemptions, with U.S. Bank Trust serving as trustee under the indenture.

  Item 9.01 verify on EDGAR →