iBio announces $15 million private placement Mar. 27, 2024 3:13 AM ET By: Arundhati Sarkar , SA News Editor [Seeking Alpha]
iBio, Inc. (IBIO)
NASDAQ:AMEX Investor Relations:
ir.ibioinc.com
Company Research
Source: Seeking Alpha
investment in public equity financing that is expected to result in gross proceeds of about $15 million. The fully subscribed PIPE financing included participation from ADAR1 Capital Management, Lynx1 Capital Management, Ikarian Capital and other institutional and accredited investors. The company intends to use the net proceeds from the offering for general corporate purposes, including research and development and working capital. The company also expects the net proceeds will extend its cash runway to fund its operating plan through fiscal year 2025. Pursuant to the terms of the securities purchase agreement, the company is selling an aggregate of 5,287,278 shares of common stock and common warrants to purchase up to 5,287,278 shares of common stock at a purchase price of $2.85 per share. Recommended For You More Trending News IBIO - iBio, Inc. Recommended For You More Trending News About IBIO Stock Related Stocks Trending Analysis Trending News
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IBIO
News
- iBio, Inc. (NYSE: IBIO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- iBio, Inc. (NYSE: IBIO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- iBio, Inc. (NYSE: IBIO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- CNN values your feedback [CNN]CNN
- iBio, Inc. (NYSE: IBIO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
IBIO
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 424B3
- 4/25/24 - Form EFFECT
- IBIO's page on the SEC website