INmune Bio Announces $9.7M Registered Direct Offering Of 986,000 Shares And Warrants At $9.84/Share And Accompanying Warrant
Portfolio Pulse from Benzinga Newsdesk
INmune Bio Inc. has announced a registered direct offering of 986,000 shares, priced at $9.84 per share, along with accompanying warrants. The total offering amounts to approximately $9.7 million.

April 25, 2024 | 1:01 pm
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INmune Bio Inc. announces a significant equity financing through a direct offering, aiming to raise approximately $9.7 million.
Direct offerings often lead to immediate dilution of existing shares, which can result in a short-term negative impact on the stock price. However, the influx of capital could be beneficial for the company's growth and development in the long term. The specific details of the offering, such as the price per share and the inclusion of warrants, suggest a strategic move to attract investors while managing the potential dilutive effect.
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