Intelligent Bio Solutions Inc. Announces Pricing of $2.6 Million Public Offering of Common Stock
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Intelligent Bio Solutions Inc. has announced the pricing of its public offering of 1,304,348 shares of common stock at $2.00 per share, aiming to raise approximately $2.6 million.
February 20, 2025 | 1:45 pm
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Intelligent Bio Solutions Inc. has priced its public offering at $2.00 per share, aiming to raise $2.6 million. This move could impact the stock price as it may lead to dilution of existing shares.
The announcement of a public offering at a set price can lead to a short-term decrease in stock price due to potential dilution of existing shares. The offering aims to raise $2.6 million, which is significant for the company.
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