other_material
confidence high
sentiment neutral
materiality 0.65
InMed Pharma raises $5M in private placement of pre-funded warrants and options
InMed Pharmaceuticals Inc.
- Gross proceeds ~$5M from 1,952,363 pre-funded warrants ($0.0001 exercise) and 1,952,363 preferred investment options at $2.436/share.
- Amended 199,115 existing options (Oct 2023) from $16.60 to $2.436 per share for $0.125 each.
- Proceeds to fund pipeline development, BayMedica commercial sales, and working capital.
- H.C. Wainwright acted as placement agent; received 126,904 agent options at $3.2013/share.
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