UPDATE: Intelligent Bio Solutions Commences ~$5M Placement Of Common Shares, Warrants At Combined Price Of $2.455 Per Share
Intelligent Bio Solutions Inc. ("INBS" or the "Company") (NASDAQ:INBS), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that it has entered
Intelligent Bio Solutions is raising about $5 million by selling new shares and warrants (options to buy shares later) to investors at $2.455 each. When a company does this, it means they need cash for their business, so watch if the stock price stays stable or if the company explains how they'll use the money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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