Intelligent Bio Solutions completes $10.1M private stock placement with healthcare investors.

Intelligent Bio Solutions (INBS) announced a $10.1M private placement of common stock and warrants, priced at-the-market under Nasdaq rules. The company issued 2,223,333 shares of common stock, Series H-1 warrants, and Series H-2 warrants to several healthcare-focused institutional and accredited investors. The expected gross proceeds are approximately $10.1M before deducting placement agent fees and other offering expenses.

March 11, 2024
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