Intelligent Bio Solutions Announces Private Placement of up to $15 Million to a Single Existing Institutional Investor Priced At-the-Market Under Nasdaq Rules
Intelligent Bio Solutions entered into a securities purchase agreement for a private placement expected to generate gross proceeds of approximately $5.0 million. The company issued 2,036,659 shares of common stock (or pre-funded warrants) along with Series N-1 and N-2 warrants at a combined price of $2.455 per share.
Key figures
- Deal Value Usd
- 5000000
- Offering Price
- 2.455
- Shares Offered
- 2036659
- Warrant term
- 5 years
- Warrant exercise price
- 2.33
- Headline potential proceeds
- 15000000
AI analysis
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