secwatch.observer — SEC 8-K summary
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Issuer:     iBio, Inc. (IBIO)
CIK:        0001420720
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001104659-23-087894
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iBio enters $10M equity line with Lincoln Park Capital; issues 211,473 commitment shares
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- iBio can sell up to $10M of common stock to Lincoln Park at its discretion over 24 months.
- Regular purchases limited to 100k shares per day (up to 200k if price > $2.00); price based on market at time of notice.
- Company issued 211,473 commitment shares upfront; additional 211,474 shares due after $5M in proceeds from Lincoln Park.
- Sales subject to registration statement effectiveness and NYSE American rules; exchange cap at 4,474,945 shares (~19.99% of outstanding).
- Proceeds expected for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1420720/000110465923087894/0001104659-23-087894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1420720/000110465923087894/tm2322878d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087894

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer