other material
confidence high
sentiment neutral
materiality 0.65
Intelligent Bio Solutions raises $3.0M in underwritten public offering; over-allotment fully exercised
INTELLIGENT BIO SOLUTIONS INC.
- Gross proceeds $3.0M from 1.5M shares at $2.00 per share including full over-allotment exercise.
- Ladenburg Thalmann sole bookrunner; underwriting discount of 8% plus 1% management fee.
- Proceeds to be used for working capital and general corporate purposes.
- Representative warrants issued for 75,000 shares at $2.50 expiring February 2030.
- Post-offering shares outstanding: 6,778,837.