other_material
confidence high
sentiment neutral
materiality 0.65
Intensity Therapeutics raises ~$1.9M net in $0.30/share public offering for clinical studies
INTENSITY THERAPEUTICS, INC.
- Gross proceeds $2,002,500 from 6,675,000 shares at $0.30/share; underwriter exercised over-allotment for 1,001,250 additional shares.
- Net proceeds ~$1.9M after underwriting discounts and expenses; offering closed June 13, 2025.
- Representative's Warrants for 383,812 shares (5% of offering) issued at $0.375 exercise price, 5-year term.
- Proceeds to fund INVINCIBLE-4 data readout (expected H1 2026) and continue INVINCIBLE-3 study maintenance.
- ThinkEquity acted as sole book-running manager; shares traded on Nasdaq under INTS.
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