other_material
confidence high
sentiment neutral
materiality 0.70
iBio prices $50M public offering of pre-funded warrants and Series G/H warrants
iBio, Inc.
- Combined offering price $0.699 per unit; gross proceeds ~$50M before underwriting discounts and expenses.
- Pre-funded warrants exercisable immediately at $0.001; Series G warrants at $0.70 expire upon trial initiation milestone or 5 years.
- Series H warrants expire 4 years after closing; total potential additional proceeds of ~$50M if all warrants exercised for cash.
- Net proceeds to advance preclinical cardiometabolic programs IBIO-610 (myostatin/activin A bispecific) and IBIO-600.
- Closing expected August 22, 2025; 90-day lock-up on share issuance for company and insiders.
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