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Synta Pharmaceuticals (SNTA) Enters Into Agreement To Sell $5.0 Million In Common Stock Directly To An Affiliate Of Synta Board Member Bruce Kovner


4/14/2014 9:35:18 AM

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LEXINGTON, Mass.--(BUSINESS WIRE)--Synta Pharmaceuticals Corp. (NASDAQ: SNTA) today announced the entry into a Subscription Agreement with an entity affiliated with Bruce Kovner, one of Synta’s directors and its largest stockholder, to sell 1,250,000 shares of its common stock at a price of $4.01 per share. The proceeds to Synta are expected to be approximately $5.0 million after deducting estimated offering expenses payable by Synta. The shares were offered directly without a placement agent, underwriter, broker or dealer.

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