iBio sells Texas property to Texas A&M for $8.5M; issues 1.56M share warrant to settle Woodforest debt

iBio, Inc.

iBio CDMO sells Texas A&M property for $8.5M; closing by May 31, 2024.
Credit agreement balance $13.1M; maturity accelerated to May 31, 2024.
Settlement: sale proceeds to Woodforest; pre-funded warrant for 1,560,570 shares issued at $0.0001/share to cover $4.5M deficiency.
Warrant issued unregistered under Regulation D; NYSE American approval required.
Texas A&M board approval already obtained; closing subject to title policy.

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