iBio, Inc. (IBIO) Raises $6.2M Through Warrant Inducement Transaction

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Go back to iBio, Inc. (IBIO) Raises $6.2M Through Warrant Inducement Transaction

iBio Raises $6.2 Million Through Warrant Inducement Transaction

April 29, 2025 1:43 PM EDT

SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) -- iBio, Inc. (Nasdaq: IBIO) (iBio or the Company), an AI-driven innovator of precision antibody therapies, announces today announced that it has entered into an agreement with institutional investors that are existing holders of warrants to purchase shares of common stock of the Company for cash (the Existing Warrants), wherein the investors agreed to exercise the Existing Warrants to purchase 5,626,685 shares of common stock at a reduced exercise price of $1.11 per share, resulting in gross proceeds of approximately $6.2 million, before deducting advisory fees and certain other expenses. The... More