Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events

Subsequent Events

12. Subsequent Events

From April 1, 2015 through May 8, 2015, Synergy sold an additional 2,093,700 shares of common stock, under Synergy’s Amended Controlled Equity Sales Agreement with Cantor Fitzgerald & Co. (the Agreement, see footnote 8).  These sales yielded gross proceeds of $9.1 million, at an average selling price of $4.35 per share. Selling agent fees related to above financings were $0.25 million. As of May 10, 2015, Synergy has $25.8 million of common stock available unsold under the Agreement.

On May 1, 2015 Synergy made its first semiannual interest payment of $7.4 million on the Senior Convertible Notes (see footnote 6).