iBio Raises $6.2 Million Through Warrant Inducement Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Globenewswire
Warrant Exercise Agreement: iBio, Inc. has entered an agreement with existing investors to exercise warrants for 5,626,685 shares at a reduced price of $1.11 each, generating approximately $6.2 million in gross proceeds for working capital and corporate purposes.
New Warrants Issued: In exchange for exercising the existing warrants, investors received new warrants for up to 11,253,370 shares at $0.86 per share, which will expire in five years, with the transaction expected to close around April 30, 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
