04:49 PM EDT, 10/31/2025 (MT Newswires) -- Cybin ( CYBN ) said late Friday it closed a registered direct offering that raised about $175 million in gross proceeds.

The financing included roughly 22.3 million common shares and 4.6 million pre-funded warrants, each priced at $6.51.

Cybin ( CYBN ) said it plans to use the proceeds to repay unsecured convertible debentures held by High Trail Special Situations and to advance its clinical programs, as well as for general corporate purposes.

Shares of Cybin ( CYBN ) rose 1.6% in after-hours trading.