News

Syra Health Adjusts IPO Offering

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5.0

Andrew R. Michaud

• September 05, 2023

Syra Health, a healthcare services company, has announced changes to its upcoming initial public offering (IPO). Instead of the previously expected 2 million shares, the offering will now consist of 1.5 million shares. Each unit in the offering will be priced at $4.125, comprising one share of Class A common stock and a warrant for the purchase of an additional share of Class A stock.

A Diverse Range of Services

Syra Health is known for its comprehensive range of services, which includes health education, population health management, behavioral and mental health, as well as digital health.

Financial Performance

For the six months ending June 30, 2023, Syra Health reported a loss of $1.5 million on revenue of $2.1 million. In the same period the previous year, the company recorded a loss of $1.1 million on revenue of $2.1 million.

Intent to List on Nasdaq

Syra Health has set its sights on listing on the Nasdaq Capital Market and plans to trade under the symbol SYRA.

Underwriter Listing

Kingswood, a division of Kingswood Capital Partners, LLC, has been enlisted as the underwriter for the offering.