InMed Enters Into Standby Equity Purchase Agreement
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InMed Pharmaceuticals Inc. has entered into a Standby Equity Purchase Agreement with YA II PN, LTD to sell up to $10 million of its common shares over a 36-month period. This agreement is part of InMed's financing strategy to support its pharmaceutical programs.
December 17, 2024 | 10:15 pm
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InMed Pharmaceuticals has secured a Standby Equity Purchase Agreement to sell up to $10 million in common shares over 36 months, providing financial flexibility for its drug development programs.
The Standby Equity Purchase Agreement allows InMed to raise up to $10 million, which can be used to fund its pharmaceutical programs. This financial flexibility is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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