Immune Pharma (IMNP) Enters 4M Share Stock Purchase Agreement

September 7, 2016 7:45 AM EDT
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Immune Pharmaceuticals Inc. (NASDAQ: IMNP) announced today that it has entered into a stock purchase agreement with an existing stockholder for the sale of 4,000,000 shares of the Company's common stock at a fixed price of $0.50 per share, for gross proceeds of $2,000,000. There are no warrants, no restrictive covenants, and no restrictions on use of proceeds.

For full disclosure, please refer to the Form 8-K filed on September 7, 2016.

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