other material
confidence high
sentiment neutral
materiality 0.60
INBS raises $5.0M private placement with warrants; potential $15M total
INTELLIGENT BIO SOLUTIONS INC.
- 2,036,659 shares (or pre-funded warrants) at $2.455 combined price; gross proceeds ~$5.0M.
- Series N-1 warrants exercise at $2.33, callable after FDA 510(k) clearance; N-2 warrants after shareholder approval.
- Placement agent Ladenburg Thalmann: 8% cash fee plus 5% warrant coverage (101,833 warrants).
- Proceeds for working capital; resale registration statement due by Sept 15, 2026.