Intelligent Bio Solutions (INBS) Prices $4M Underwritten Public Offering

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Go back to Intelligent Bio Solutions (INBS) Prices $4M Underwritten Public Offering

Intelligent Bio Solutions Inc. Announces Pricing of $4,000,000 Underwritten Public Offering

October 2, 2023 8:32 AM EDT

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (the Company), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the pricing of an underwritten public offering of units (the Units) for gross proceeds of approximately $4.0 million.

Ladenburg Thalmann & Co. Inc. is acting as the sole bookrunning manager for the offering.

The underwritten public offering consists of 7,272,727 shares of common stock, par value $0.01 per share, of the Company (the Common Stock) (or shares of the Companys Series E Convertible Preferred Stock (the... More