Intelligent Bio Solutions Raises $10 Million in Private Placement

Reuters01-01
<a href="https://laohu8.com/S/INBS">Intelligent Bio Solutions</a> Raises $10 Million in Private Placement

Intelligent Bio Solutions Inc. has announced a $10 million private placement priced at-the-market under Nasdaq rules. The company entered into a securities purchase agreement with two healthcare-focused institutional investors to issue approximately 2.3 million shares of common stock (or pre-funded warrants), along with Series K-1 and Series K-2 warrants to purchase an equal number of shares. The combined purchase price is $4.35 per share and associated warrants, with the warrants exercisable at $4.10 per share and valid for five years after registration. The offering is unregistered and was conducted in a transaction not involving a public offering. Proceeds will be used for working capital and general corporate purposes. The closing is expected on or about January 2, 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intelligent Bio Solutions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9618765) on December 31, 2025, and is solely responsible for the information contained therein.

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