Intelligent Bio Solutions Said On Oct 2, Co Entered Into Underwriting Agreement; Co Agreed To Issue And Sell, In A Registered Public Offering By Co 1.5M Class A Units
Portfolio Pulse from Charles Gross
Intelligent Bio Solutions has entered into an underwriting agreement to issue and sell 1.5 million Class A units in a registered public offering.
October 04, 2023 | 9:33 pm
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Intelligent Bio Solutions is issuing and selling 1.5 million Class A units, which could dilute existing shares and potentially impact the stock price.
The issuance of new shares often leads to dilution of existing shares, which can negatively impact the stock price. As Intelligent Bio Solutions is directly issuing these shares, the impact on the stock price could be significant.
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IMPORTANCE 80
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