secwatch.observer — SEC 8-K summary
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Issuer:     INTELLIGENT BIO SOLUTIONS INC. (INBS)
CIK:        0001725430
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001641172-25-021200
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intelligent Bio Solutions raises $3.8M via warrant exercise inducement, funds FDA 510k filing
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- Gross proceeds of ~$3.8M from exercise of existing Series G and H-1 warrants at $1.90/share; closing July 28, 2025.
- Holders get new Series J warrants for up to 4,046,456 shares at $1.90, exercisable upon stockholder approval, expiring 5.5 years from issuance.
- Net proceeds to fund completion of 510k filing with FDA for Fingerprint Drug Screening System and general working capital.
- Company issued 1,545,494 common shares via warrant exercise and amended H-1 warrants for 477,734 shares at $0.01/share.
- Outstanding shares as of July 24, 2025: 7,433,658, including recent ATM and restricted stock issuances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725430/000164117225021200/0001641172-25-021200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725430/000164117225021200/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021200

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer