Cybin Launches $100 Million ATM Program to Support Growth Initiatives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
0mins
Source: Businesswire
- Equity Financing Initiative: Cybin has launched an at-the-market equity program allowing for the issuance of up to $100 million in common shares through agents like Cantor Fitzgerald, aimed at supporting growth opportunities and working capital needs.
- Market Sale Mechanism: The program enables Cybin to sell shares at prevailing market prices, ensuring flexibility and potentially enhancing fundraising efficiency in a dynamic market environment.
- Compliance and Regulation: The program will adhere to Rule 415 of the U.S. Securities Act and National Instrument 44-102 in Canada, ensuring that all shares issued are listed on Cboe Canada and other exchanges, thus meeting regulatory requirements.
- Long-term Strategic Planning: The implementation of this equity program aligns with Cybin's future growth strategy, expected to provide essential funding for developing next-generation mental health treatment options, further solidifying its market position in the mental health sector.
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Analyst Views on CYBN
Wall Street analysts forecast CYBN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CYBN is 45.00 USD with a low forecast of 30.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 8.280
Low
30.00
Averages
45.00
High
55.00
Current: 8.280
Low
30.00
Averages
45.00
High
55.00
About CYBN
Cybin Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company creates psychedelic-based therapeutics to address the unmet need for treatment options for people who suffer from mental health conditions. Its N, N-dimethyltryptamine (DMT) and dDMT programs create a dataset of systematic research on these psychedelic molecules. The Company is developing CYB003, a proprietary deuterated psilocybin analog for the treatment of major depressive disorder, and CYB004, a proprietary deuterated dDMT molecule for generalized anxiety disorder and has a research pipeline of investigational psychedelic-based compounds. CYB003 moves to Phase III and CYB004 moves to Phase II.CYB005 is in Preclinical stage. It has an intellectual property portfolio in the psychedelic drug development sector with over 80 patents granted and over 230 patent applications pending. The Company operates in Canada, the United States, the United Kingdom, the Netherlands, and Ireland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Cybin Inc Launches $100 Million Equity Program, Shares Drop 6.6%
- Stock Decline: Cybin Inc's shares fell 6.6% to $8.00 in pre-market trading following the announcement of a $100 million at-the-market equity program with Cantor Fitzgerald, which may undermine investor confidence and complicate future fundraising efforts.
- Market Reaction: The drop in Cybin's stock price reflects investor concerns regarding the new financing plan, potentially impacting the company's capital operations and shareholder value moving forward.
- Industry Impact: Concurrently, other biotech firms like Corcept Therapeutics and NovaBay Pharmaceuticals also experienced stock declines, indicating a cautious sentiment across the biotech sector that could affect the overall fundraising environment.
- Investor Focus: The lukewarm market response to Cybin's financing initiative may prompt the company to reassess its capital structure and financing strategies to navigate current market challenges.
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